- Yi: +24.12
- Attempting to bottom out: DBA, FXF, IRBT, JJGTF, LYFT, MMM, PM, UNG, WEAT
- Extremely oversold: TGS and TUP
- Average oversold: DBA, MTSI, REMX, STX
- Moderately oversold: CMG, COPX, CPRI, FCX, HA, INTC, MOS, ROK, TGT, TILE, WDC, XLNX, Z
- Trying to hold rising trend line support: CENX, CHK, NCR, SCHD, VFC, XRX
- Trying to hold falling trend line support: WBA
- Attempting to hold the 65 DMA: CC, DAL, CVY, WYND
- Attempting to hold the 28 DMA: BBY, CMI, CPB, DLPH, GS, RAIL, TD, WHR, XLB
- Moderately overbought: D and PINS
- Average overbought: FB
- Toppy: XLK
- A break out either way on the way for: BBBY, CSX, TPX
- 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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