- Yi: +14.1
- Possible bottom here for: AA and DF
- Attempting to bottom out at this level: BB, BWA, EWA, F, FEU, FNDF, HAS, MGA, PBI, TILE, VGK
- At the average oversold level: $DJW. EFV, PPC, REMX, SFIX, TSN
- Moderately oversold: AGX, CENX, COPX, CVS, GILD, GT, HD, IYE, IYG, IYJ, SFTBY, XRX
- Attempting to hold the 65 DMA: TAP, TUP, WHR
- Attempting to hold the 28 DMA: VNO
- Up against falling trend line resistance: LMT
- Moderately overbought: AQUA
- Toppy: D and DM
- A break out either way is on the way for: JCP, LOW, $SUGAR
- 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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