- CSIQ, JNJ and QID are attempting to bottom out in this area.
- CEF, GFI and PHI are extremely oversold.
- CVS and $VIX are at the average oversold level.
- EROS and JNJ are moderately oversold.
- SYMC is up against falling trend line resistance.
- COST is up against rising trend line resistance.
- NFLX and O are up against the 65 DMA here.
- TSLA and YYY are up against the 28 day.
- GPC, HSNI, JCP, LOW, MED, QLD and WY are moderately overbought.
- BA, COH, CREE, CTB and MSFT are getting toppy here.
- Anything posted may be off base.
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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