- Yi: +19.43
- Trying to bottom out in this area: AMAT, CANE, CENX, CC, $COPPER, DAL, FAST, MAN, SGGFF, SOYB
- At the average oversold level: $COPPER and YUMC
- Moderately oversold: BKS, DUST, TSLA
- Attempting to hold rising trend line support: TSLA
- Attempting to hold the 65 DMA here: NTR
- Up against the 28 DMA: NEM
- Up against falling trend line resistance: DB, FNDF, TILE
- Moderately overbought: AEM, BBBY, BMY, CG, IRBT, KMB, KO, MMC, PG, PX
- At the average overbought level: FXP, HAS, SYY
- A break out upward or downward is on the way for: FLR
- Anything posted on these pages 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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