- Yi: +14.62
- Trying to bottom out: ATI, BBBY, CRUS, CVGRX, DFS, DIS, DRI, EWI, FNG, GLW, GM, GOOG, HPQ, ITW, IWM, IYG, IYJ, JPM, JNPR, MAN, MDY, MMM, MOS, MS, MTSI, $NDX, ORCL, PAG, PAYX, PX, QID, RAIL, RS, SCHB, SCHX, $SPX, SYMC, TXN, UYG, WFC, WHR, X, XLB
- Average oversold: BIDU, CG, CRUS, DWDP, SFTBY
- Moderately oversold: AMZN, CNK, COPX, I, IQV, MCHP, PTEN, QCLN, WDC
- Trying to hold rising trend line support: GBTC, NOW, P, PYPL
- Attempting to hold the 65 DMA: AU, FSLR, $XAU
- Attempting to hold the 28 DMA: CIEN, KLIC, $XOI, Z
- Up against the 28 DMA: CMI
- Up against the 65 DMA: CL, FEU, PETX, SHLD
- Up against falling trend line resistance: DF, KMB, PPC, UUP
- Up against rising trend line resistance: WEN
- Moderately overbought: BBGI, CAL, DYN, UL
- A break out either way is on the way for: AET, CAR, DNKN, MAT, SYY
- 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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