- Yi: +13.42
- GE and HA are trying to bottom out.
- SNAP is extremely oversold.
- EROS and KLIC are at the average oversold level.
- AMAT, CORN, CTB, CSX, LM, NTES, P, SPWR and XLNX are moderately oversold.
- DIS is attempting to hold rising trend line support.
- QCLN is attempting to hold the 65 DMA.
- AMTD, BABA, HPE and SMH are attempting to hold the 28 DMA.
- HRB is up against the 28 DMA.
- BAC is up against falling trend line resistance.
- HMC, INTC, LOW and MDLOX are moderately overbought.
- AFL, AIG and LL are average overbought.
- C, $DJTENG, GF, V and XRX are toppy.
- FXT is possibly forming a top at this level.
- CLF, CSIQ, DPS, EQIX and MMC 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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