- Yi: +21.6
- Possible bottom here for: MGA
- Attempting to bottom out at this level: $CRB, DBA, SEE, TUP, WDC, Z
- Extremely oversold: F, SGGFF, SIL, #SUGAR, UGLD, TUP, WDC
- At the average oversold level: GE, $GOLD, WU
- Moderately oversold: CC, DB, DE, EFV, EGPT, FNDF, GM, GS, $HGX, MS, PX, ROK, RS, SWK, TPR, TROW, WOR
- Trying to hold rising trend line support: ROK
- Attempting to hold the 65 DMA: GDDY, LOW, MMM, SCHD, SCHK, VFC, WEAT, YYY
- Attempting to hold the 28 DMA: BAC, DIS, GT, HMC, KO, NOV, ORCL, UTX, UYG
- Moderately overbought: RGR
- A break out either way is on the way for: AMTD, BRKS, SCHW, TSN
- 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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