- +15.35
- Trying to bottom out: DE, MMM, QRTEA, TSM
- Average oversold: CL
- Moderately oversold: AEM, AGQ, BRKS, BWA, CAT, CMI, EBAY, EROS, GG, GM, IP, IYJ, KLIC, MRVL, NCR, TILE, WSO
- Trying to hold rising trend line support: CC
- Trying to hold falling trend line support: SWK and TRV
- Attempting to hold the 65 DMA: NEM
- Attempting to hold tye 28 DMA: AA, CWI, SPWR
- Up against falling trend line resistance: CRUS and MTSI
- Moderately overbought: P
- Toppy here: AET, $GASO, IDA, PEG
- A break out up or down is setting up for: A, BB, NFLX, ORCL
- 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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