- Yi: +16.45
- Trying to bottom out: CENX, CIEN, $FTSE, GILD, HPE, IR, LL, NCR, NOK
- Extremely oversold: MTSI
- Moderately oversold: BB, $COPPER, COPX, $DJTENG, ETN, EBAY, FCX, IYE, $NYA50R, RSX
- Trying to hold rising trend line support: BBL, BBY, RYE
- Attempting to hold the 65 DMA: DBC, DUST, MCHP
- Attempting to hold the 28 DMA: CL, CHK, EGPT, $FXT
- Up against the 28 DMA: BAC
- Up against the 65 DMA: CMG
- Moderately overbought: CSCO and MTH
- Average overbought: NTAP
- Extremely overbought: $HGX, IDA, PEG
- Toppy: ALL
- A break out either way is on the way for: CSIQ, GG, $GOLD, LMT, MSFT, PAG
- 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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