- Yi: +14.58
- Trying to bottom out: AQUA, C, EBAY, GS, GM, $HGX, LMT, $PLAT, T
- Extremely oversold: AMP, CL, SMG, SNAP
- Average oversold: AIG, ETN, GILD, GS, HSY, IBM, JNJ, PEP, PM
- Moderately oversold: ALL, DFS, HMC, $INDU, IP, IYJ, MANT, MBI, MMC, PYPL, S, SDY, $SPX
- Trying to hold rising trend line support: DLPH, F, IFN, JPM
- Attempting to hold the 65 DMA here: GBTC and NOK
- Attempting to hold the 28 DMA here: $GASO
- Moderately overbought: MDC
- Toppy here: STMP
- A break out up or down is setting up for: FNG and NTR
- 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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