- Yi: +19.06
- Trying to bottom out: PEGI
- Extremely oversold: PPC
- Average oversold: AVAV
- Moderately oversold: QCOM
- Up against the 28 DMA: FLR, HBI, GG, HRL, MAIN, MET, NTES
- Up against the 65 DMA: CSL, LL, MTH
- Up against falling trend line resistance: ALL, ATI, NTES, PAG, PRU, SHAK
- Up against rising trend line resistance: ORCL
- Moderately overbought: AMAT, AQUA, BAL, BIDU, BRKS, CALM, CAR, FLO, FSLR, MKC, NDAQ, NTAP
- Average overbought: CIEN, CREE, HPE, MCHP, MED, NFLX, MU
- Toppy: DNB and DYN
- A break out either way is on the way for: EROS and RAIL
- 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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