- Yi: +15.0
- Possible bottom here for: BBY
- Attempting to bottom out in this area: CAL, $DJW, FNG, GE, GF, GS, HPE, IJR, $INDU, IYJ, LOW, MS, $NDX, NTAP, NTR, NVDA, QQQ, RAIL, SCHK, SCHX, $SPX, TD, TPR, VGK, VOX, XLK, XOM
- Extremely oversold: $CRB
- At the average oversold level: FLR and NIB
- Moderately oversold: CALM, NOK, PM, SCHD, SCHW
- Trying to hold rising trend line support: PEG
- Attempting to hold the 65 DMA: MCD and VNO
- Attempting to hold the 28 DMA: KR
- Up against the 28 DMA: SHAK and WDC
- Up against falling trend line resistance: DAL and MAIN
- Moderately overbought: KMB, MTH, SEE, YETI
- Toppy: CSIQ
- Has gone parabolic to the downside: $GASO, OILU, UGA
- A break out either way is on the way for: NUS
- 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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