- Yi: +21.31
- Attempting to bottom out: ATI, BAC, BAL, BBL. BBY, BIDU, C, CC, CIEN, COPX, EMR, GS, JNJ, JPM, MS, MOS, NOK, SWK, UIS
- Moderately oversold: SCHW
- Up against the 28 DMA: B, CREE, EBAY, VOX
- Up against falling trend line resistance: AMAT, IQV, LOW, O, PM
- Average overbought: BR, BYND, LM
- Toppy: AHH, AIG, TSN
- A break out either way on the way: BGS, FL, FLR, NDAQ
- 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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