- Yi: +60.88
- Trying to hold some rising trend line support: PPLT
- Attempting to hold the 28: JJN, NVS
- Up against the 28: MRK
- Up against rising trend line resistance: AEO
- Up against falling trend line resistance: AMAT, $COFFEE, CC
- Moderately overbought: ADM, AIG, ALV, CANE, CAT, $COPPER, CORN, $CRB, CVY, DBA, DD, FL, FLR, IP, M, STX, $SUGAR, TD
- Overbought: AMP, BNS, CVS, ETN, IR, JACK, $NYA50R, PRU, SNA, XMMO, XRX
- Toppy: BEN, CAKE, DE, HAP, ITW, IYE, JACK, NTR, PICK, RY, STLD
- ABEWISUF: QRTEA, TWTR, YUM
- 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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