- Yi: +3.75
- Possible bottom here for: B
- Trying to bottom out now: BA, GMGMQ, SUN
- Moderately oversold now: BA and PAYX
- Attempting to hold the 65 day: CTB and LOW
- Attempting to break above the 28 day: ACH, PBW, PG, PTR, RBS
- Trying to break above the 65 day: LEN, LMT, NM
- Moderately overbought now: MTH, NTES, PLL, QCOM, QQQQ, TPX, WATG, WSO
- Standard overbought: OGE
- 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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