- BMY, DIS, HSNI, HSY, JNJ, LOW, M, MAT, MCD, SHLD, TSLA and X are trying to bottom out in this area.
- COST, CVS, LOW, QVCA, SHLD and X are at the average oversold level.
- BA, COH, CSL, EROS, EWA, GDX, GE, GFI, GG, GPC, JNUG, LPL, M, MAT, MCD, MKC, MOS, NCR, O, PEG, PHI, PTEN, SEE, SHAK, SU, SYY, UGP and WOR are moderately oversold.
- EFV, EWI, FB, INTC, IP, JPM, MED, MSI, NUS, P and XLE are attempting to hold the 28 day moving average.
- 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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