- Yi: +8.95, +8.7, +8.3
- Now trying to bottom out: AAPL, AVAV, CSCO, F, FSLR, GLW, HIT, MED
- Extremely oversold now: AMSC
- Standard oversold: CSIQ, EGPT, FRO, HIT, HOGS, MBI
- Moderately oversold: $HGX, ATI, AVAV, CAKE, EEFT, EXP, F, FSLR, GLW, NAT
- Attempting to hold the 65 DMA here: $OEX, $SPX, $XOI, ARMH, B, CHK, CLF, CTB, FAZ, IP, IRF, IWM, IYY, MMC, NCR, PBY
- Attempting to hold the 28 day: CAT and NFLX
- Moderately overbought now: DPS and JCP
- Standard overbought: $GOLD-weekly
- Toppy here: BMY and EWI
- 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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