- +18.68
- Attempting to bottom out: BIDU and RAIL
- Extremely oversold: ANF, DLPH, EBAY, F, MTSI, RRGB, STMP, SWK
- Average oversold: A, IBM, IR, JACK, MU, NSC, NVDA, ROK, SHAK, SNA, VFC, WSO
- Moderately oversold: BA, BBL, CMI, CSX, DIS, FNG, GLW, MRVL, NFLX, NOV, NOW, USO
- Trying to hold rising trend line support: CORN
- Attempting to hold the 28 DMA: SOYB
- Up against the 28 DMA: CPB, COST, PEP, WDC
- Up against falling trend line resistance: EQIX
- Up against rising trend line resistance: MRK
- Moderately overbought: CALM, CHD, CLX, GPC, HRL, KO, PEG, NVS, PG
- Average overbought: MKC and WEC
- Toppy: PM and WBA
- Anything posted 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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