- Yi: +18.16
- Attempting to bottom out: CENX, CHK, KLIC, NTR, PTEN, XLNX
- Extremely oversold: AA, ANF, CPRI, FL
- Average oversold: FIZZ, NUS, QCOM
- Moderately oversold: AMAT, AMTD, B, BMY, BNS, CLF, CLX, CNK, CPB, CSX, FAST, GM, GILD, IJH, IJR, IP, NTES, ORCL, PM, RYE, RS, SCHB, SDY, STX, TKR, SWK, TROW, TXN
- Trying to hold falling trend line support: BKS and IBM
- Attempting to hold the 28 DMA: KMB, MET, PEP
- Moderately overbought: CORN, DBA, JJGTF, SOYB
- A break out either way is on the way for: CSIQ, FB, IRBT, NDAQ, NUGT
- 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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