- Yi: +16.66
- Trying to bottom out here: ABX, ASA, GDX, HAS, I, IR
- Extremely oversold: JCP
- Average oversold: HBI
- Attempting to hold the 65 DMA: CC
- Attempting to hold the 28 DMA: RRGB
- Up against the 28 DMA: O
- Moderately overbought: AET, MAIN, MRVL, MSI
- Average overbought: AAPL and GBTC
- Extremely overbought: QCOM
- Getting toppy: GOOG
- A possible top forming for: CSIQ and CW
- Has gone parabolic: PYPL and SMH
- A break out either up or down is setting up for: CORN, CSCO, EBAY, HPQ, JNJ, PX, SNAP
- 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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