- Yi: -2
- Standard oversold: WATG
- Moderately oversold: AXB, MCD, MKC
- Trying to hold the 28 DMA here: $SOX, AA, BMY, CHK, CSIQ, EWA, EWI, EWJ, FXF, KGC, LMT, LPL, OGE, PBW, SEED, STX, WHR
- Trying to hold the 65 DMA: B, BA, BPZ, GPC, GTU, LEN, V
- Trying to break above the 28 DMA: GIS and QID
- Trying to break above the 65 DMA: LDK
- 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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