- Yi: -5
- Probable bottom here for: COGO
- Possible bottom here for: BA, MBI, NTES, WATG
- Trying to bottom out in this area: AEM, GG, NEM, PAYX, PBY, PNRA
- Extremely oversold: AMAT, CTB, IFN, MTH, PTEN, USB, UYG, WDC, WHR
- Standard oversold: EXP and PEP
- Moderately oversold: GIS, PG, PHI, T
- Trying to hold the 28 DMA here: BGF, EGO, IDA, PBCT, SUN, UGP, WGW
- Trying to break above the 28 DMA here: SHI
- 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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