- Yi: +4.7
- Trying to bottom out: $BPSPX, $XOI, ACH, AMD, AVAV, AVP, CAT, COH, COPX, CREE, CSIQ, CTB, CU, DBC
- Extremely oversold: $CRB
- Oversold: $NYA50R and ANF
- Moderately oversold: DJW, AXP, B, BA, BMY, CNK, CORN, CWI
- Trying to hold the 65 DMA here: DIS
- Trying to hold the 28 day: AIG
- 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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