- Yi: + 70.9
- Attempting to bottom out: AEO, BBY, HD, $HGX, MDC, WHR
- Oversold: NYCB, TKR
- Moderately oversold: AMAT, BNS, CMI, GLW, HBI, KHC, MS, NTAP, STX, TPR
- Trying to hold some rising trend line support: FL
- Attempting to hold the 28 DMA: BEN, $CRB, DBA, OMC, PFE, TAP, VFC, XRX
- Attempting to hold the 65 DMA: AMP, CAT, HRB, IYG, MCHP
- Up against some falling trend line resistance: AU
- Up against rising trend line resistance: COPX
- Moderately overbought: GIS, HRL, IQV, KHC, MKC, PM
- Overbought: D
- Toppy: BMY, PEG
- A breakout either way is setting up for: $BTCUSD, CUT, $GOLD, MJ, $PLAT, PPLT, XLE, XOM
- Anything posted on these pages 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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