- Yi: +16.65
- Possible bottom here for: AQUA and PEP
- Trying to bottom out: AIG, AMP, BWA, CL, CMI, COF, DF, DFS, DLPH, DB, GILD, GT, HMC, HSY, IP, IRBT, JNJ, LEN, MBI, MMM, PG, PM, PPG, PPLT, PRU, QCOM
- Average oversold: AVP and FLR
- Moderately oversold: AET, BAC, DAL, CVS, EQIX, FSLR, HA, JPM, KO, LM
- Trying to hold falling trend line support: CENX
- Attempting to hold the 28 DMA here: BKS, FLO, KR, NDAQ
- Up against the 65 DMA: CHD
- Moderately overbought: MDC, MTSI, P
- A break out up or down is setting up for: AMZN, CNK, KLIC, QRTEA
- 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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