- Yi: +18.16
- Attempting to bottom out: ANF, BBBY, BNA, DSW, FNG, FXF, GM, HBI, IBM
- Extremely oversold: COF, DWDP, FCX, GT, $HGX, IP, LBAI, LEN, LL
- Average oversold: A, APD, BMY, BNS, CMI, COPX, CVY, CSZ, ETN, HAS, IR, IYG, LOW
- Moderately oversold: BA, BAC, DE, DBO, DFS, GILD, KMB, MJ
- Trying to hold rising trend line support: CSIQ, I, NFLX
- Trying to hold falling trend line support: CC, CVA, DB, $DJW, FAST, FSLR, $INDU, IQV, LM
- Attempting to hold the 65 DMA: AET
- Attempting to hold the 28 DMA: JJGTF
- Up against falling trend line resistance: CPB
- 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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