- Yi: +13.26
- BGS, QID and RGR are trying to bottom out.
- CTB and NOV are average oversold.
- CANE, CREE, DIS, NUGT, PAG, PAYX, PETX, SYMC and UGP are moderately oversold.
- CLF and $GASO are trying to hold rising trend line support.
- MMC and PEGI are attempting to hold the 65 DMA.
- CAR, CG and NFLX are attempting to hold the 28 DMA.
- SEE is up against the 28 DMA.
- IDA, LEN and TSLA are moderately overbought.
- $COPPER and COPX are average overbought.
- AA, AAPL, FB and PEG are a bit toppy here.
- BBY, CWI, $DJW, GF and HSI are possibly forming a top.
- CL, DBO, GE, GLW, JNJ, TROW, USL and USO are setting up to break out 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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