- Yi: +15.98
- BBBY is possibly forming a bottom in this area.
- CVS, IRBT, KMB and M are trying to bottom out.
- CMG is extremely oversold.
- CLF is at the average oversold level.
- B, CG, CL, CLX, CTB and DPS are moderately oversold.
- AA and HSNI are trying to hold rising trend line support.
- BIDU, BMY, EROS, GPC, IR, MMC and $NYA50R are trying to hold the 65 DMA.
- GS, LEN and MED are trying to hold the 28 DMA.
- AVP is up against the 28 DMA.
- CAKE, $CRB, CSIQ and DNKN are moderately overbought.
- AMZN is getting toppy.
- C and EWA are setting up to break out up or down.
- 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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