- Yi: +14.15
- Possible bottom here for: ANF
- Attempting to bottom out: BBY and DF
- Extremely oversold: FB, FNG, GBTC, GDDY, NFLX, NVDA
- Average oversold: BA, EROS, KSS, LOW, $NDX, NOW
- Moderately oversold: ATI, CORN, DUST, MANT, MSFT, LMT
- Trying to hold rising trend line support: JJGTF
- Attempting to hold the 28 DMA: CMG and LPL
- Moderately overbought: COWTF, CPB, FLO, IDA, IFN
- Average overbought: JNJ
- Toppy: CLX
- Anything posted 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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