- Yi: +0.2
- Trying to bottom out: I, M, SPWR
- At the average oversold level: GM, GOOG, GT, MCD, MET, NFLX, PYPL
- Moderately oversold: FNDF, FXF, GDDY, GF, GLW, HPQ, HSNI, IP, JPM, LEN, MAT, MOS, MSFT, MSI, MTH, NCR, Q, QCLN, RAIL, SEE, TKR, WOR, WY
- Attempting to hold the 65 DMA here: NUS
- Attempting to hold the 28 day: PTEN, SHLD, X
- Moderately overbought: IAU
- And as is always the case, anything posted here may be way off base 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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