- Yi: +4.4
- Extremely oversold: CSIQ and ENER
- Oversold: $NYS50R, $XOI, AVP, BPZ, ELN, FXI, GLW, MEOH, QCOM, SDTH
- Moderately oversold: $DJW, $DJX, $IIX, $OEX, $SPX, $WTIC, AAPL, BAC, CAKE, CBZ, CHK, CLF, COST, CREE, DDM, F, GE, GF, GMR, GPC, IBM, IRF, IYY, KO, LDK, LUFK, MMC, MOT, MSCC, NAT, NM, OCR, PAYX, PG, PLL, PTEN, QLD, QQQQ, RJA, SCHA, SCHB
- Trying to hold rising trendline support: $PLAT, $SOX, $SPX, $XAU, ACF, AEM, CTB, DELL, MBI, PBY
- Attempting to hold the 65 DMA here: $GASO, $HGX, $PLAT, A, AVAV, AXP, BA, BBT, CAT, CBK, CNK, CSCO, CSL, DELL, FRO, FSLR, IDA, IWM, JASO, KBE, LEN, LMT, LOW, LPL, MKC, NST, NWL, PEG, PEP, RBS, ROK
- Attempting to hold the 28 day: MBI
- Moderately overbought: QID
- Overbought: GLD
- Extremely overbought: $VIX
- More later. 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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