- Yi: +1.25
- Now trying to bottom out: BA, BPZ, CAT, ENER, FSLR, IBM, PTEN, RJA
- Extremely oversold: SUN
- Standard oversold: $HGX, $XOI, B, C, CAT, ENER, FRO, FSLR, RJA, WFR, XOP
- Moderately oversold now: $DJX, $OEX, $SOX, $SPX, ACH, BMY, BNI, CREE, CSCO, CSL, DDM, DVY, IWM, IYY, LEN, LUFK, NM, NOK, PBW, ROK, SEED, TAN, TSL, TSL, URE, USD, WY, XLF
- Attempting to hold the 65 day: BAC, CPSL, ERIC, F, GF, GG, MEOH, MFE, PEG, QCOM, QQQQ, SDTH, XLU, YGE
- Attempting to hold the 28 day: CBK, DELL, KO, NST, STX
- Attempting to break above the 65 day: $VIX and QID
- A break out in either direction is on the way for: PBY
- 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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