- Yi: + 68.55
- Attempting to bottom out: CVS, HBI, PAG
- Oversold: DWAC, HBI, HNI
- Moderately oversold: BWA, ETN, KLIC, MCHP, NIB, RGR, XRX
- Trying to hold some rising trend line support: ALEX, EMR, SDY
- Trying to hold some falling trend line support: BBY
- Attempting to hold the 28 DMA: AMP, AVGO, $BTCUSD, CAR, COPX, CUT, EMR, HA, IBM, TXN, UYG, XLK
- " " " " 65: BABA, BITO, ETHE, $INDU, IVW, JNPR, $NDX, QQQ, $SPX, STLD, QLD, VOT
- Up against the 28 DMA: SOYB
- Up against some falling trend line resistance: CPB, TSN
- Moderately overbought: $USD, UUP
- Toppy: CORN, FB
- A break out either way is setting up for: CC
- 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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