- Yi: +22.0
- Attempting to bottom out: BA, BBBY, BGS, KODK, MDR
- Extremely oversold: AA, BIDU, DBA, STMP
- Average oversold: $COTTON, FCX, FXI, GT, IRBT, MGA, RAIL, ROK
- Moderately oversold: ATI, BABA, BB, CAKE, CAT, D, EMR, NTAP, RGR, TAP, VNO, WY
- Trying to hold rising trend line support: BWA, MCHP, NDAQ, WFC
- Trying to hold falling trend line support: TUP
- Attempting to hold the 65 DMA: CAR, CSCO, ETN, HD, IJH, SDY, SMH, SNAP, TROW
- Attempting to hold the 28 DMA: CSX, JPM, KOLD, KR, MED, MSFT, ORCL, PEP, PPG
- Up against the 28 DMA: MTSI
- Moderately overbought: WEN
- Toppy: ARNC and $VIX
- A break out either way is on the way for: CBRL, CG, DNKN, KMB, PAYX, PINS, WSO, $WTIC
- 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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