- Yi: +13.61
- Trying to bottom out: BGS, CIEN, GG, KR
- Average oversold: SHLD, SPWR, TAP
- Moderately oversold: AAPL, AET, ASA, CL, $COPPER, COPX, DPS, FL, MTSI, SNAP
- Attempting to hold the 65 DMA: AGX, FCX, GDX, GLDI, JJN
- Attempting to hold the 28 DMA: CVS and JCP
- Up against falling trend line resistance: DB and DIS
- Moderately overbought: BNS, DE, LMT, TILE, USB, WFC
- Toppy here: APD, BA, BAC, C, GLW, JPM
- 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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