- Yi: +10.94
- Attempting to bottom out at this level: AGX, ALL, BAC, CAR, CAL, CLF, KORS, LBAI, LL, LM, MS, PAG, PNC, PRU, SMG, WFC
- Extremely oversold: EYE, GBTC, NOV
- At the average oversold level: XRX
- Moderately oversold: AMAT, BA, BABA, CSX, CVA, GT, WHR
- Trying to hold rising trend line support: CSCO
- Trying to hold falling trend line support: CG and GILD
- Attempting to hold the 28 DMA: CREE
- Up against the 65 DMA: CC
- Up against falling trend line resistance: EGPT and $VIX
- These have gone parabolic to the downside: BBY, CG, CHK, DLPH, GS
- A break out either way is on the way for: T
- Anything posted on these pages my 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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