- Yi: +1
- Extremely oversold: FCX and FSLR
- Oversold: B, BLL, CAT, CBZ, CLF, EGPT, EWA, EXP, FXI, GLW, IFN
- Moderately oversold: BGS, CAKE, CHK, DVY, GG, IP, IRF, IWM, IYY
- Now trying to hold some rising trendline support: AVAV
- Attempting to hold the 65 DMA here: ABX and DGP
- Trying to hold falling trendline support: CTB
- Moderately overbought here: FAZ and GIS
- Anything posted here may be off base, and there may be some more signals posted before the close of regular market hours.
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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