- Yi: +20.47
- Possible bottom here for: AMAT and LEN
- Attempting to bottom out at this level: AMZN, AVP, BNS, BRKS, GF, HD, HMC, JPM, LBAI, MTH, PAG, PAYX, QCOM, ROK, TKR, TPX, TRV, WY
- Moderately oversold: GE
- Up against the 65 DMA: MAIN
- Up against falling trend line resistance: FL and MS
- Up against rising trend line resistance: WBA
- Moderately overbought: AEM, CORN, GFI, JNUG, NUGT, PPLT
- Average overbought: $UST3M
- A break out either way is on the way for: CLF, CMG, JJNTF, MOS
- 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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