- Yi: +18.79
- Trying to bottom out: AU, CNK, RRGB
- Extremely oversold: UGP
- Average oversold: HPE
- Moderately oversold: AA, AGX, CIEN, FSLR, GT, IFN, WYN
- Trying to hold rising trend line support: BBY, GEF, GF
- Attempting to hold the 65 DMA here: AMTD and XLNX
- Attempting to hold the 28 DMA here: GE and NOK
- Up against the 28 DMA: PEP
- Up against falling trend line resistance: ABX, CEF, SOYB
- Up against rising trend line resistance: SEE
- Moderately overbought: DBA, DBC, $SUGAR, WEAT
- Extremely overbought: I
- A break out either upward or downward is setting up for: HSY, KMB, MANT, X
- 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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