- +1.75
- A possible bottom is in place for: COGO
- Trying to bottom out in this area are: $HGX, BAC, CSL, FSLR, GPC, HMY, IWM, IYY, JOSB, LEN, OCR, PBW, SDTH, X
- Extremely oversold now: LDK
- Standard oversold: $SOX, BAC, ENER, GLW, MSCC, MTH, SPWRA, TAN, USD, WOR
- Moderately oversold now: $NYA50R, $IIX, $OEX, $SPX, B, C, CAKE, DVY, GF, IFN, IRF, LUFK, MMC, PBY, QLD, QQQQ, SHLD, SSO, SU, UYG, XLF
- Attempting to hold the 65 DMA here: $DJX, DDM, FXI, MMC, PLL, PTEN, SSO, TLB, TOT, VOD, WATG, XOP
- Attempting to hold the 28 day: AAPL, GOOG, LUFK, SUN, USB
- Attempting to break above the 28 day: PTR
- Moderately overbought now: $VIX
- 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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