- Yi: +17.3
- Attempting to bottom out at this level: AAPL, BB, BBGI, DSW, DBC, DBO, NOV, OILU, PTEN, QCOM, TGT, UGA, USO, WY
- Extremely oversold: NVDA
- At the average oversold level: JWN, NTAP, $NYXBT, PHI, TGT
- Moderately oversold: CAL, IQV, KSS, NOW, NTR, PM, T
- Trying to hold rising trend line support: FXP
- Attempting to hold the 65 DMA: KR
- Attempting to hold the 28 DMA: COST and NVS
- Up against falling trend line resistance: BWA, CL, FCX, FXI, P, PPG
- Up against rising trend line resistance: EGPT
- Moderately overbought: APD, AXP, BABA, CMI, CSIQ, FAST, GEF, ITW, MCHP, NEM, NTES, SEE, SWK
- Toppy: PG
- A break out either way is on the way for: ATI, JJGTF, MGA
- 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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