- Yi: -3.0
- Trying to bottom out: C, CNK, DB, EBAY, EWI, GDDY, GM, GT, HPQ, I, INTC, LEN, P, SYY
- Extremely oversold: $WTIC, MET, MOS, MTH, NCR, OIL
- Oversold: AA, AMCC, BA, CAT, GPC, JPM, NUS, PYPL, PTEN, QLD, ROK, SHAK, SHLD, STX, SU, TKR, TSLA, UGA
- Moderately oversold: AVAV, BMY, COST, CSCO, FB, GF, GOOG, HSNI, JNJ, LOW, NAT, NEM, PEGI, PG, PHI, PYPL, QCLN, QVCA, SCHX
- Attempting to hold the 28 DMA here: COH
- 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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