- Yi: +7, +7.45
- Now trying to bottom out: AMAT, CTB, ELY, FB, GLW, GM, HPQ, SEE, SNDK, SWK
- Average oversold: HPQ, IRF, SNDK
- Moderately oversold: FB, LOW, NTES, RAIL, SHI
- Attempting to hold the 65 DMA here: GE
- Attempting to hold the 28 day: EEFT
- Up against the 65 day: GPC
- Moderately overbought now: $CRB, $XOI, IDA, NCR, RJI
- Toppy here: EXP
- A break out in either direction is on the way for: CSL
- 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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