- Yi: +24.41
- Attempting to bottom out: AA, COPX, EYE, INTC, JACK, NEM, NOV, NUGT, TOP, XON
- Extremely oversold: SOYB
- Average oversold: FLR, NOK, RGLD, $XAU
- Moderately oversold: BGS, CC, FL, IYE, OIKU, RYE, SU, XOM, XLE, $XOI
- Trying to hold falling trend line support: UIS
- Attempting to hold the 65 DMA: AVP and DBO
- Attempting to hold the 28 DMA: $GASO, MSI, TTM, WEN
- Up against the 65 DMA: AMTD
- Up against rising trend line resistance: AAPL
- Moderately overbought: DUST, MDC, TPX, WHR
- Average overbought: CRUS
- A break out either way is on the way for: HMC, HPE, IBM, MAB, PEG, WY
- 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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