- Yi: +17.12
- Attempting to bottom out at this level: AIG, AMZN, C, BR, CG, $DJW, DLPH, EBAY, GBTC, GDDY, GS, IJR, $INDU, IQV, IYE, LIN
- Extremely oversold: GBTC
- Moderately oversold: ANF, HPE, IRBT, JNPR
- Attempting to hold the 28 DMA: AMTD, AVAV, EWA, GM
- Up against the 278 DMA: FCX
- Moderately overbought: FB
- There is less analysis today because of the surprise snowstorm yesterday in northern NJ.
- 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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