- Yi: +20.9
- A possible bottom is forming here for: GE
- Now trying to bottom out: DM, F, HD, IP, PPC, PPLT
- Extremely oversold: BGS
- At the average oversold level: LPL
- Moderately oversold: GBTC, FXF, HAS, JCP, KR, $PLAT
- Trying to hold rising trend line support: CAL and KSS
- Up against the 28 DMA: AA, DNKN, PETX
- Up against the 65 DMA: CBRL
- Up against falling trend line resistance: DNKN and V
- Up against rising trend line resistance: BAC and MRVL
- Moderately overbought: IQV, NTES, PM, PEP, PFF, RGR, RRGB, TAP, WEN
- At the average overbought level: CORN, EGPT, GDDY, TPR, XLNX
- Toppy: CREE, MU, NIB, NOW
- A break out either way is on the way for: S
- Anything posted here 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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