- Yi: + 55.33
- Moderately oversold: SPXU
- Attempting to hold some rising trend line support: MRK
- Up against the 65: CBRL, CIEN, CLX, WOLF, YETI
- Up against the 28: AA, CAKE, CLX, FB, MMC, NFLX, ORCL, PAYX, PHG, QQQ, SLV, SLVO
- Up against some rising trend line resistance: CC, CMI
- Moderately overbought: AFL, AMP, B, BEN, BIDU, BNS, BWA, M, OIL, STLD, TD
- TTM, USB, VLY, XMMO, YUM
- Toppy: PFE, PM, USOI
- Setting up for a breakout either way: BAL, CFVI
- 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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