- Yi: -0.5
- A possible bottom here for: CAKE, JCP, M, SBUX, SHLD, TSLA
- Average oversold: ATI and X
- Moderately oversold: AU, AXP, CAKE, DIS, DM, GG, HSNI, IP, JNUG, NAT, NUGT, O, PEP, RGLD, WSO
- Attempting to hold the 65 DMA here: FB, IJH, IYJ, MDY, NOV, SYY
- Attempting to hold the 28 day: ABX, AEM, BMY, EROS, JNJ
- Up against the 65 DMA here: AAPL
- Moderately overbought now: AA, QCOM, UUP
- Toppy: $WTIC
- Anything posted here may be off base of course.
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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