- Yi: +23.88
- Attempting to bottom out: CC, F, GM, LEN, NDAQ, PAG
- Extremely oversold: JCP
- At the average oversold level: $COTTON, IP, LEN, LL
- Moderately oversold: BAC, CALM, CG, DWDP, GS, IYG, MCO, MMC, MS, PAG, PNC
- Trying to hold rising trend line support: FXF, MAT, PAYX
- Attempting to hold the 65 DMA: CTB, JPM, USB
- Attempting to hold the 28 DMA: C, GFI, MBI, MET, SNA, VGK
- Up against the 28 DMA: MRVL
- Up against falling trend line resistance: IRBT and SMH
- Up against rising trend line resistance: S, SFTBY, V
- Moderately overbought: DIS
- Getting toppy: WBA and YUM
- A break out either way is on the way for: AMAT, DE, LM, M
- 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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