- Yi: +14.85
- Attempting to bottom out at this level: AFL, AQUA, EFV, DWDP, EWI, FNDF, GF, GG, PRU, SCHD, VLY, VGK
- Extremely oversold: CENX, CVA, IBM, MRVL, STX
- At the average oversold level: AFL, DFS, FAT, MAT, PEGI, QLD
- Moderately oversold: COST, FEU, IDA, T, YUM
- Trying to hold rising trend line support: BA and WEC
- Trying to hold falling trend line support: AXP and GBTC
- Attempting to hold the 28 DMA: BKS, D, DM
- Up against the 65 DMA: IP
- Up against the 28 DMA: DAL, MDC, PPG
- Up against falling trend line resistance: NOK
- Moderately overbought: ANF
- At the average overbought level: QID
- A break out either way is on the way for: SFIX and UIS
- 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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