- Possible bottom here for: PCU and T2118
- Trying to bottom out in this area: MFE, MKC, MTD, OXY, PXD, RIO, TKR, and TSU
- Extremely oversold: SUN
- Standard oversold: KO and OCR
- Moderately oversold: NEM, NX, OKE, and SNE
- Trying to hold falling trend line support: LUFK, QCOM, and SOLF
- Trying to break above some falling trend line resistance: LMT, LOW, NST, PAYX, PBY, PLL, PTEN, PTR, SMTC, STMP, TCK, TSM, WDC, WOR, and XMSR
- Moderately overbought: JCP and LOW
- Standard overbought: NLY
- Anything here could 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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