- DIS, GG, LEN, NUGT, QID, SPWR and UGLD are trying to bottom out in this area.
- GFI, MTH and PHI are at the average oversold level.
- EGPT, F, and IAU are moderately oversold.
- GM and SHAK are up against falling trend line resistance,
- MSFT and TSLA are up against the 65 day moving average.
- NAT is up against the 28 day.
- FB, INTC, QCOM, QLD and UGA are moderately overbought.
- EROS, JDST, QCOM, QLD and SLW are setting up to break out in either direction.
- Anything posted here may be 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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