- Yi: +16.96
- Attempting to bottom out: AA, AGX, ANF, BABA, BAC, BGS, BBBY, BKS, CAKE, CAL, CALM, CLF, CNK, COPX, CPRI, CVS, FIZZ, FCX, FL, GT, JWN, KOL, KR, KSS, LL, M, MMM
- Extremely oversold: CAL, CC, DLPH, JWN, MAT
- Average oversold: BBGI, CALM, CLF, FB, GS, HBI, HMC, IBM, $INDU, IYE, MED, MJ, $NDX, QQQ
- Moderately oversold: AMP, AMTD, AMZN, AQUA, AXP, B, BA, CAKE, CMI, COF, CSCO, DAL, EWI, $GASO, GF, IP, IYG, LEN, NOW
- Attempting to hold the 28 DMA: ARNC and MAIN
- Moderately overbought: AEM, AU, GDX, $GOLD, JACK, JJGTF, JO, NEM, NUGT, RGLD
- Average overbought: GFI
- Toppy: BR, BYND, ETCG, HSY
- 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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