- YI: -1
- Probable bottom here for: $WTIC
- Possible bottom here for: $CRB, $PLAT, FXI, GF, GLW, SLV, USD, WATG
- Trying to bottom out in this area: BZP, DELL, GA, MOT, NTES, PLG, PTR, ROK, SDTH, WDC
- Extremely oversold now: FXF, SHI, USD, WFR
- Standard oversold: AMAT
- Attempting to hold the 28 DMA here: COGO, LOW, SEED, T
- Attempting to hold the 65 DMA: C and MFE
- Attempting to break above the 28 DMA: LDK
- Moderately overbought now: $VXO, GM, KFT, KO, WSO
- Standard overbought: SHLD and SYY
- Toppy here: SUN
- 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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