- Yi: +69.94
- Attempting to bottom out: WBA
- Trying to hold some falling trend line support: VLY
- Attempting to hold the 28 DMA: CVY, HRB, IWM, MANT, TXN, USB, XMMO
- Attempting to hold the 65 DMA: AFL, MGA
- Up against falling trend line resistance: CAR, $SUGAR
- Moderately overbought: AEM, CLX, JO, SPWR, SU, TTM, YYY
- Toppy: COPX, FAST, KHC, MRK, PICK, RYE, VALE
- A break out either way is setting up for: A, APD, BEN, BITO, LIN, LMT, NOBL, PPG
- 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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