- Trying to bottom out in this area: IDA
- Extremely oversold now: BAC, CAT, CSIQ, DELL, DVY, FRO, KBE, LDK, LOW, NM, NOK, NWL
- Standard oversold: AXB, BA, CSCO, DDM, IFN, JASO, LEN, MTH
- Moderately oversold: BGF, ERIE, EXP, IWM, JOSB
- Attempting to hold the 28 DMA here: CNK, CREE, GOOG, OCR
- Attempting to hold the 65 DMA: GLW
- Attempting to break above the 28 DMA: B
- A break out in either direction is on the way for: GA
- 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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