- Yi: + 45.7
- Attempting to bottom out: APD, CSCO, DBA, GIS, MET, MKC, MMM, PEP, PFE, WBA, WEC
- Oversold: GIS, GPC, LMT, PEP
- Moderately oversold: AVAV, ETN, KR, MSI, PG
- Trying to hold some rising trend line support: AVAV
- Attempting to hold the 28: OMC, QCLN
- Attempting to hold the 65: AA, B, CSX, ETN, MTH, PAYX, T, VFC
- Moderately overbought: PHI
- ABEWISUF: $LUMBER
- 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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