- Yi: + 49.3
- Attempting to bottom out: AEO, AVGO, BITW, CAKE, F, HD, JACK, $LUMBER, M, MJ, $NDX, OMC, QQQ, RIOT, TSLA, TUP
- Extremely oversold: HBI, JACK, YETI
- Moderately oversold: FB, KLIC, MU, $USD, UUP. WHR
- Attempting to hold the 28: ALV, WEAT
- Attempting to hold the 65: MGA
- Up against the 65: CVS, MET, UYG
- Up against the 28: ADM, CL, KO, MS, RGR, TAP
- Up against falling trend line resistance: D, GEF, TSN
- Moderately overbought: NVS, VALE
- Toppy: MRK
- Setting up for a breakout either way: $CRB, CSX, IQV, ITW, IWM, IYJ, OIL, PAYX
- Anything posted here 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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