- Yi: -3
- Possible bottom in place here for: $CRB, ACF, MBI, PEP, PHI, PTEN, TLB, WATG, WHR
- Trying to bottom out in this area: AA, CHK, CLF, ENER, FCX, FXI, GM, IWM, IYY, PBY, PTR, SEED, SKS, WSO, X
- Extremely oversold now: JASO, LDK, USB
- Standard oversold: ACH, PBW, SWK, TAN, TSL
- Moderately oversold: EWJ, FRO, FXF, OGE
- Trying to hold the 28 DMA here: ANKS and GIS
- Trying to break above the 28 DMA: AAPL and ERIC
- Toppy here: AVAV
- 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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