- Yi: +12.8
- BBRY is possibly forming a bottom in this area.
- AVP, AGX, CANE, F, GOOG, HAS, IR, NCR, PPG, SFTBY, SGG, $SUGAR, TWTR and UIS are attempting to bottom out.
- EROS is extremely oversold.
- MOS, RS, WEAT and WHR are at the average oversold level.
- AIG, BBGI, DFS, $DJTENG, DUST, $FTSE, HMC, KSS, SOYB, WSO and WY are now moderately oversold.
- RRGB is up against the 28 DMA.
- CAR, DBP and MKC are moderately overbought.
- GBTC is at the average overbought level.
- $GOLD is a bit toppy here.
- Anything posted here may be completely off base due to human error and or 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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