- Yi: +23.43
- Attempting to bottom out: BBBY, EBAY, GS, LBAI, MS
- Extremely oversold: GBTC and LL
- Average oversold: CENX and CMG
- Moderately oversold: BBY, BR, CAL, CAKE, CTB, CVA, DUST, DRI, EWI, FB, HA, IJR, IWM, JACK, JWN, KDP, KSS, MANT
- Trying to hold rising trend line support: MSI and P
- Attempting to hold the 65 DMA: BB, CNK, DSW
- Attempting to hold the 28 DMA: CWI and GDDY
- Up against the 65 DMA: D
- Up against the 28 DMA: GG and NOV
- Up against falling trend line resistance: CAR and GDX
- Up against rising trend line resistance: A, AMP, ADP, FLR
- Moderately overbought: ABX, BJO, CANE, INTC, M, MAT
- Average overbought: GILD and LMT
- Getting toppy: $INDU and MKC
- A break out either way is on the way for: NTAP
- 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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