- JNJ is possibly forming a bottom at this level.
- EROS is attempting to find a bottom.
- EROS is at the average oversold level.
- AVP, CSCO, FB, GDDY, MED, NTES, NUS, ORCL, PEP, PG, PYPL and Q are moderately oversold.
- PYPL is attempting to hold falling trend line support.
- BMY, GLW and STX are attempting to hold the 65 DMA.
- LEN, QCLN and SHAK are attempting to hold the 28 DMA.
- EBAY is up against falling trend line resistance.
- GM is at the average overbought level.
- BAC and C are possibly forming a top at this level.
- Anything posted here 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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