- Yi: -0.1
- A possible bottom here for: QCLN and SHLD
- Trying to bottom out now: ATI, AVP, DM, FXF, $FXT, I, LEN
- Extremely oversold: SPWR
- At the average oversold level: GT
- Moderately oversold: ASA, BA, $DJW, $NYA50R, $PLAT, PYPL, SIVR, SLV, WY
- Attempting to hold the 65 day moving average here: DYN
- Attempting to hold the 28 day: $XAU
- Up against the 65 day: RAIL and STX
- Moderately overbought now: DRI
- At the average overbought level: LOW
- A bit toppy here: $GASO
- A break out in either direction is in the cards for: CNK
- Anything posted here may be off base of course, depending on market conditions.
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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