- Yi: +13.9
- A possible bottom here for: GT
- Trying to bottom out: BGS, I, IRBT
- Extremely oversold: BGS
- Average oversold: A, BB, FNG, $NYXBT
- Moderately oversold: ETN, HPE, LL, MTH, MCHP, MDC, MKC, MU, NFLX
- Trying to hold falling trend line support: ETN
- Attempting to hold the 65 DMA: AGX, CNK, EQIX, $GASO, MBI, OIL
- Attempting to hold the 28 DMA: FSLR
- Up against the 28 DMA: JJG
- Up against the 65 DMA: GM
- A break out up or down is on the way for: AET, FLR, MAT, KR
- 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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