- Yi: -1.1
- Trying to bottom out now: $DJW, $DJX, $NYA50R, AA, ACAS, ACH, AKAM, AMAT, AVAV, AVP, AXP, B, BGS, CAKE, CAT, CREE, CTB, DDM, EEFT, ELY, EWA, EWI, EWJ, F, FCX, FXI, GF, GLW, HCBK, IDA, IFN, IRF, IYY, IWM, LOW, MBI, MED, NCR
- Extremely oversold: $WTIC, ACH, CAKE, CREE, CSCO, CSIQ, DELL, HCBK, IYY, IWM, KBE, LEN, LMT, LOW, MED
- Standard oversold: HIT, IP, NFLX
- Moderately oversold: MSFT
- Attempting to hold the 65 DMA here: AAPL
- Toppy here: FAZ
- Has gone parabolic: $GOLD
- 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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