- Yi: + 64.65
- Attempting to bottom out: BNS
- Attempting to hold the 28 DMA: $COFFEE
- Attempting to hold the 65 DMA: IQV, KR
- Up against the 65 DMA: CAR, IBM
- Up against the 28 DMA: GS
- Up against some falling trend line resistance: HA, M
- Up against some rising trend line resistance: TUP
- Moderately overbought: BAL, $GOLD, SIL, SLV
- Toppy: CANE, CL, DBA
- A break out either way is on the way for: HOOD, KLIC, PAYX, PFE, TXN
- Anything posted may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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