- Yi: + 48.5
- Moderately oversold: KHC
- Trying to hold falling trend line support: CVS, RGR
- Attempting to hold the 28: BAL
- Attempting to hold the 65: $USD, UUP
- Up against the 65: FL, HA, $NYA50R, SPWR
- Up against the 28: BEN, BIDU, MS, NTR
- Up against some falling trend line resistance: YUMC
- Moderately overbought: AGX, CMI, GILD, HNI, MGA
- Overbought: WEAT
- Toppy: CC, MRK, T, $XOI, XOM
- A break out either way is on the way for: COIN
- 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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