- Yi: +22.37
- Attempting to bottom out at this level: CHK, CWI, $DJTENG, DLPH, FB, FEU
- Extremely oversold: DF
- Average oversold: EWA, F, GM
- Moderately oversold: AMTD, $CRB, $DJW, EFV, FNDF, GF, GILD, INTC
- Attempting to hold the 28 DMA: FLR and JNPR
- Up against fallong trend line resistance: CAT
- Up against rising trend line resistance: DE
- Moderately overbought: CLF
- Getting toppy: AET, CLX, DRI, JNJ
- A break out either way is on the way for: GLDI
- 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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