- Yi: +3.25
- Moderately oversold: JASO, LDK, MOT, PTEN
- Trying to hold some rising trendline support: $WTIC, IYY, SCHB, SCHG
- Attempting to hold the 65 day: NTES
- Attempting to hold the 28 day: OGE
- Attempting to break above the 28 DMA here: FUQI
- Trying to break above some falling trendline resistance: $VIX, AVAV, F
- Attempting to break above the 65 day: MSCC
- Moderately overbought now: BBT and COGO
- Toppy here: PLL and SDTH
- A break out in either direction is on the way for: ELY, PHI, WATG
- 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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