- Yi: +19.07
- Possible bottom here for: IBM
- Attempting to bottom out: HBI and OILNF
- Extremely oversold: KOLD
- Average oversold: SYY
- Moderately oversold: MANT
- Up against the 65 DMA: AVAV, BKS, CLF, HD, TKR
- Up against the 28 DMA: A, CENX, CSCO, FAST, FSLR, IFN, ITW, JACK, JCP
- Up against falling trend line resistance: AXP, BKS, $COPPER, COPX, $CRB, DIS, FSLR, JACK, MU, PEGI
- Moderately overbought: ATI, BBL, CMG, GS, JNPR, NOK, NTES, $PLAT, REMX
- Toppy: KDP
- A break out either way is on the way for: DNKN and DRI
- 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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