- Yi: +6.8
- A probable bottom here for: ENER
- A possible bottom here for: $PLAT, AEM, CSCO, HCBK, HOGS, NOK
- Now trying to bottom out: $IIX, ABX, ELY, GOOG, MBI, PBY
- Standard oversold: $DJW and ELY
- Moderately oversold: AAPL, CAKE, PAYX, PEG, PG
- Trying to hold some rising trend line support here: NAT and NTES
- Attempting to hold the 28 DMA here: JCP
- Now trying to hold some falling trend line support: $USD
- Up against some falling trend line resistance: C, LEN, NCR
- Up against the 65 DMA here: IWM
- Extremely oversold: GMR
- 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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