- Yi: +17.12
- Possible bottom here for: $SUGAR
- Trying to bottom out: BA, EYE, LMT, SPWR
- Extremely oversold: DM
- Average oversold: AIG, AU, DWDP
- Moderately oversold: AGQ, CBRL, $NYXBT, $PLAT, PPLT, SFIX, TSLA
- Up against the 65 DMA: BKS
- Up against falling trend line resistance: OIL, PEG, USL, USO, $WTIC
- Moderately overbought: $GASO and IDA
- Toppy: ALL
- A break out up or down is on the way for: CHK, DNKN, DRI, M, MET
- 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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