- Yi: +11.2
- Attempting to bottom out at this level: AGX and IRBT
- At the average oversold area: NTES
- Moderately oversold: WEN and YUMC
- Attempting to hold falling trend line support: NTES
- Attempting to hold the 65 DMA: BWA
- Up against the 28 DMA: $DJW, IP, MET, WOR, YYY
- Up against the 65 DMA: C, CTB, F, $GASO, GLW
- Up against falling trend line resistance: $FXT, NEM, UGA
- Moderately overbought: ANF, DLPH, FCX, IDA, TSM, XLNX
- Setting up to break out up or down: AXP, EWA, $INDU, ITW, IYJ, LMT, MSFT, NDAQ, NOK, QID, SIRI
- 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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