- Yi: -2
- Possible bottom here for: $BDI and IRF
- Trying to bottom out in this area: $WTIC, AMAT, ARM, AXB, BAC, BPZ, C, CAKE, CBK, CLF, CSIQ, DDM, EEFT, ELN, FCX, GE, GLW, GOOG, HMY, IBM, LMT, MKC, MMC, MOT, MSCC, NOK, PEG, PLL, PTEN, QQQQ, ROK, SPWRA, STX, SYY, TAN, TKR, TSL, TSM, URE, USD, UYG, V, VFC, WHR, WOR, WSO, WY, XLF
- Standard oversold: JASO
- Moderately oversold: $DJX, $IIX, $SOX, $SPX, AA, ACAS, ACH, BA, BNI, CREE, DVY, GPC, IWM, KBE, KFT, MBI, MCD, MER, MTH, PAYX, PBCT, PEP, USB, WFC, WHR
- Trying to hold the 28 DMA here: AAPL, AKNS, CTB, LOW, MFE, NST, NTES, OGE, PBW, PG, PNRA, T, TIE, TOT, WATG, WB
- Trying to hold the 65 DMA: BMY
- Trying to break above the 28 DMA here: $PLAT, VIX, $VXO, CEF, PLG, QID
- Trying to break above the 65 DMA here: KGC
- Moderately overbought now: WGW
- 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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