- Yi: +6.55
- Now trying to bottom out: C, CTB, EEFT, EGPT, EWI, F, GLW, JASO, JCP, LMT, NOK, PBW, TSL, WFR, YGE
- Extremely oversold here: WFR
- Standard oversold: BAC, DZZ, EXP, GLW, TAN, TSL
- Moderately oversold: $HGX, $XOI, AA, AMAT, ARMH, BA, CSIQ, FSLR, IFN, QCLN, SCHC, SCHE, SHI, SNDK, SWK, VOD, WSO
- Trying to hold some rising trendline support: PBY and PTR
- Attempting to hold the 65 DMA here: $NYA50R, CSIQ, LEN, OCR, ROK, SCHB, SUN, TSLA, USB, WDC, XOP
- Attempting to hold the 28 day: AMSC, NCR, SKS, UYG, WFC, X, XLF
- Up against the 28 DMA here: DM
- Up against the 65 day: ASA
- Moderately overbought now: $VIX, EGO, GDX, SLW
- Standard overbought: DGP
- 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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