- Yi: +19.43
- Attempting to bottom out at this level: CORN, GILD, PETX
- Extremely oversold: WEAT
- At the average oversold level: CORN, CVS, DBA
- Moderately oversold: BBGI, CG, DAL, DWDP, WY
- Trying to hold rising trend line support: IJH and KR
- Attempting to hold the 65 DMA: BOON, BRKS, EGPT, UIS
- Attempting to hold the 28 DMA: BWA, EROS, GEF, GM, $HGX, LEN, MTH, PTEN, RYE, SCHH
- Up against the 65 DMA: JWN and MKC
- Moderately overbought: CAL, CHK, COF, TROW, WFC
- At the average overbought level: CREE and DSW
- Extremely overbought: BA, CSIQ, PYPL
- Possible top here for: CSCO and FAST
- Anything posted here 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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