- Yi: +13.43
- Trying to bottom out: CVS, LPL, QRTEA
- Average oversold: FB and TSLA
- Moderately oversold: BABA, BBBY, BNS, DBA, EROS, FAST, GOOG, IWM, MU, NVDA, PTEN, PYPL, QQQ, $SPX, SYMC, TWTR, $UST30Y
- Trying to hold rising trend line support: AMZN and TWTR
- Attempting to hold the 65 DMA: AMTD and AMZN
- Attempting to hold the 28 DMA: PFF, RRGB, Z
- Up against the 28 DMA: CPB and FAT
- Up against falling trend line resistance: BBGI
- Up against rising trend line resistance: DYN
- Moderately overbought: QID
- A break out either way is on the way for: EYE, LL, STMP
- 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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