- Yi: +22.0
- Attempting to bottom out: CENX, DFR, F, GBTC, HBI, HD, LEN, MAT, MDC, MTH
- Extremely oversold: CREE, DLPH, $HGX
- Average oversold: BIDU, BWA, CSL, CRUS, FB, GEF, GF, HA
- Moderately oversold: AMZN, BB, CAKE, COST, CTB, CW, CWI, DAL, $DJW, DWDP, EQIX, FCX, FXI, HAS, HMC, GOOG, GT, IJH, IJR, IWM, KDP, LOW, NCR, NFLX
- Trying to hold rising trend line support: AVAV and C
- Trying to hold falling trend line support: DFS and FSLR
- Attempting to hold the 65 DMA: AVP, B, $SPX
- Attempting to hold the 28 DMA: A, ETN, FLR, $INDU, INTC, IR
- Moderately overbought: GE
- Toppy: I
- A break out either way is on the way for: JNJ
- 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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