- Yi: + 65.8
- Attempting to bottom out: ALEX, $BTCUSD, DWAC, IR, IWM, MU
- Moderately oversold: EMR, ETCG, IBM, IYJ, $NDX, NFLX, $NYA50R, QLD, OMC, QQQ, TXN, XLK
- Trying to hold some rising trend line support: JNPR, NOBL
- Attempting to hold the 28 DMA: FB, $INDU, PPG, TROW, VGK, YYY
- Attempting to hold the 65 DMA: $COTTON, NDAQ
- Up against the 65 DMA: FLO
- Up against the 28 DMA: FL, SPXU
- Up against some falling trend line resistance: AEO, MDC, MED, SIL
- Moderately overbought: HRB, JO, T, TSN
- Overbought: $UST30Y
- Toppy: GIS, NVS, PM
- A break out either way is on the way for: AGX, CAT, MAIN, MGA, MS, PICK, TUP, VFC
- Anything posted may be in error.
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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