- Yi: +12.8
- A possible bottom here for: MDC
- Attempting to bottom out: GE, KMB, MAT, QCOM
- Extremely oversold: MAT
- Average oversold: DIS and HPE
- Moderately oversold: JNPR, KLIC, KR, PRU, SFTBY
- Attempting to hold the 65 DMA: $COPPER
- Attempting to hold the 28 DMA: AAPL
- Up against falling trend line resistance: KM, PAG, RRGB
- Up against rising trend line resistance: ATI and FEU
- Moderately overbought: AET, B, MMC, O
- Toppy here: CAR
- A break out either way is on the way for: AMZN, GOOG, IRBT, NIB, P
- 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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