- +15.725
- A possible bottom here for: CRUS
- Attempting to bottom out: BABA, BRKS, CSIQ, FCX, FNG, GILD, $HGX, IBM, LEN, LOW, MAN, PAYX, NVS, PG, QCOM, SGGFF, SMH
- Average oversold: GT, IRBT, NTES
- Moderately oversold: KLIC, KO, MS
- Trying to hold rising trend line support: GS and IQV
- Attempting to hold the 28 DMA here: ANF
- Moderately overbought: AET, CSL, MOS, NSC
- Toppy here: NIB
- A break out up or down is on the way for: BAC, HPE, JNPR
- 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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