- Yi: +0.3
- A possible bottom here for: ANF, CREE, CTB, XON
- Now attempting to bottom out: AAPL, COST, EBAY, JCP, LEN, LPL, M, MTH, SEE
- Extremely oversold: RAIL
- Average oversold: NOK, PHI, SHLD
- Moderately oversold: $COPPER, MSI, NCR, ORCL, SHAK
- Now attempting to hold the 65 DMA: $CRB, NEM, SIVR, SLV
- Now attempting to hold the 28 DMA: UGP
- Now up against the 65 DMA: CAR
- Moderately overbought: DIS and PEP
- Average overbought: SYY
- Toppy here: DYN
- 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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