- Yi: +15.25
- Trying to bottom out: AET, CENX, GEF, IP, MET, MMC, PAG, RAIL, SMG, X
- Extremely oversold: DB
- Average oversold: CENX, COW, CVS, FB, GM, GPC, GT, HBI, KMB, LPL, MAN, MMM, PAG, PG, PRU, PX, QCOM, ROK, S, SMG, TSLA, TPX, WFC, WHR
- Moderately oversold: ATI, AQUA, B, BBBY, BIDU, BMY, C, CBRL, CC, CG, CLF, COF, COPX, CRUS, CVY, CWI, DE, DFS, DIS, $DJW, DRI, EFV, EWA, FCX, FEU, FNDF, GEF, GILD, GLW, GOOG, GS, HMC, HPQ, HSY, IBM, IFN, $INDU, IR, IYG, IYJ, JNJ, JNPR, JPM, JWN, KO, MDY, MOS, MRVL, NCR, NTES, NTR, $NYA50R, ORCL, PAYX, PEP, PM, PPG, QLD, QQQ, RS, RSX, SCHD, SEE, SFTBY, $SPX, TAP, TGS, TGT, TKR, TROW, TSN, UNG, UYG, VOX, WOR, WYN, X, XLB, XRX, YYY
- Trying to hold rising trend line support: CIEN and FAST
- Trying to hold falling trend line support: QRTEA
- Attempting to hold the 28 DMA: AMZN, BAL, BKS, BRKS, CAR, DAL, NFLX, NOW, NTAP, WDC
- Up against the 28 DMA: LMT and LOW
- Up against falling trend line resistance: LOW
- Moderately overbought: AEM, DBO, GG, $GOLD, RGLD, $WTIC
- Extremely overbought: NIB
- Toppy: $GASO
- 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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