- Yi: +1, -0.3, +1.3
- Now trying to bottom out: $WTIC and CLF
- Extremely oversold: I
- Oversold: SHLD
- Moderately oversold: $DJW, $XOI, CAT, COH, CVY, DIS, DM, GLW, HSY, IP, PEG, Q, XLE, XON
- Attempting to hold the 65 DMA here: CTB, MTH, ROK
- Attempting to hold the 28 day: $HGX, AA, B, BAC, BMY, GM, JPM, LEN, MKC, PAYX, RAIL, TKR
- Up against the 28 day: QCOM and SLV
- Up against the 65 day: SUNE
- Moderately overbought: AVP, FXF, SPWR
- Now going parabolic: NTES
- A break out in either direction is on the way for: EROS
- 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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