- Yi: +22.59
- Attempting to bottom out: CREE and FLO
- Extremely oversold: KOLD
- Average oversold: CRUS, IP, SEE
- Moderately oversold: KMB, MAIN, PEP, RGR
- Trying to hold rising trend line support: NOW
- Attempting to hold the 28 DMA: AVAV, EFV, JNJ, KO
- Up against the 28 DMA: CC
- Up against falling trend line resistance: NOV
- Up against rising trend line resistance: BMY and PFE
- Moderately overbought: CMI, EMR, MOS
- At the average overbought level: BA, DE, IYE
- Getting toppy: CSCO, DBO, DIS
- A break out either way is on the way for: IDA
- 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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