- Yi: +20.43
- Attempting to bottom out: BWA, CSIQ, HA, HMC, HPE, HPQ, IYE, KLIC, LOW, LPL, M, MCHP, MDY, MED, MGA, MJ, MRVL, NOV, NTAP, QCLN, SFTBY, SMH
- Average oversold: A and ATI
- Moderately oversold: CVS
- Attempting to hold the 65 DMA: PAG
- Attempting to hold the 28 DMA: ANF and SBUX
- Up against the 28 DMA: JJGTF
- Up against falling trend line resistance: AGX
- Extremely overbought: CC
- Going parabolic: TSN
- A break out either way on the way: APD, CLX, GFI, IR, SIVR
- 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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