- Yi: +21.8
- Trying to bottom out: LBCC and SNAP
- Extremely oversold: I
- Average oversold: SMH
- Moderately oversold: ABX, AMAT, AQUA, AVAV, BAL, BB, DB, DM, JNUG, KLIC, MTH, NUGT, $NYA50R, PEGI, WEN
- Attempting to hold the 65 DMA: AET, COF, CVS, FNDF, $GASO
- Attempting to hold the 28 DMA: ASA, B, CC, $DJTENG, $DJGSP, GDX, GF, GG, HBI, JWN, SCHW, SFTBY, TROW, TXN, XOM, WOR, $XAU
- Up against the 28 DMA: JNPR
- Moderately overbought: JJG, MSI, TWTR
- Toppy: $FXT, KR, NFLX, VFC
- A break out either way is on the way for: MRVL, PAYX, T
- 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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