- Yi: +18.83
- Possible bottom here for: HEAR and KOL
- Attempting to bottom out: KSS
- Average oversold: BNS
- Moderately oversold: AGX, BBY, GE, PM
- Trying to hold rising trend line support: HA
- Trying to hold falling trend live support: HBI and IP
- Moderately overbought: IFN and PFE
- Toppy: AIG, BR, EQIX
- A break out in either direction on the way for:AEM, AKAM, AQUA, BCO, CVS, DNKN, DIS, MAT, NFLX, MJ
- 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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