- LOW, LPL, M and WFM are trying to bottom out in this area.
- X is at the average oversold level.
- EGPT, GE, NCR, O, PAYX, PHI, PTEN, RAIL, SU, UGP, WOR and WY are now moderately oversold.
- FXI is attempting to hold the 28 day moving average.
- PYPL is moderately overbought.
- FXF is 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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