- Yi: +19.02
- Possible bottom here for: F
- Attempting to bottom out: GM and JCP
- Extremely oversold: AQUA, HD, SNA
- Average oversold: $GASO
- Moderately oversold: BBL, CMI, LOW, NSC, $WTIC
- Trying to hold rising trend line support: RSX
- Trying to hold falling trend line support: GT, MAN, MGA
- Attempting to hold the 65 DMA: DE, LMT, TGT, USO
- Up against the 65 DMA: ALL
- Up against the 28 DMA: PYPL and SPWR
- Up against falling trend line resistance: PYPL and UP
- Moderately overbought: PM
- Average overbought: SGGFF
- Toppy: ABX and CNK
- Possible top here for: CANE
- A break out either way is on the way for: MOS
- Anything posted here 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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