- Yi: +20.63
- Trying to bottom out in this area: ASA, CSIQ, F, GLW, HSY, PPC
- Extremely oversold: ABX
- At the average oversold level: P
- Moderately oversold: CENX
- Attempting to hold the 28 DMA: ANF
- Up against the 28 DMA: AQUA, NTES, PYPL
- Up against the 65 DMA: AHH, MCD, SCHH
- Up against falling trend line resistance: PTEN
- Up against rising trend line resistance: DNB
- Moderately overbought: BABA, BAL, CAKE, CAT, CC, FB, FCX, JCP, JWN, NTR, PEG
- At the average overbought level: BR, BDDY, MOS
- Toppy: SOYB
- A break out either way is on the way for: IR and PEGI
- Anything posted 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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