- DYN and O are extremely oversold.
- F, P and PHI are at the average oversold level.
- CAT, GF, GOOG, NTES, NUS, PEGI, PTEN, QCLN, TKR, TSLA, UGP and WY are moderately oversold.
- FNDF is attempting to hold rising trend line support,
- DB and QCOM are attempting to hold the 28 DMA.
- NUGT is up against falling trend line resistance.
- Z is moderately overbought.
- SHLD is setting up to break out either up or down.
- 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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