- Yi: + 52.14
- Attempting to bottom out: D, PYPL, T, USB, VFC
- Extremely oversold: FL, SPWR
- Oversold: VFC
- Trying to hold some rising trend line support: AGX, M
- Trying to hold some falling trend line support: BBY
- Attempting to hold the 28: MKC, QRTEA
- Attempting to hold the 65: $HGX
- Up against the 65: GF, $XOI
- Up against the 28: ATI, AXP, INTC, MMM, VGK, YYY
- Up against some falling trend line resistance: ETN, RIOT
- Moderately overbought: CSCO, $DJW, $UST30Y, VOT
- Toppy: CMG, ORCL
- 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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