- Yi: +22.67
- Attempting to bottom out: NUS, PBI, TTM, $UST3M
- Average oversold: COWTF, CNK, ETCG, OLLI
- Moderately oversold: JACK, LEN, MAT, TILE
- Trying to hold rising trend line support: JPM
- Attempting to hold the 65 DMA: BAC, BIDU, CSIQ, HAS, IJR, IWM, VFC, WYND, XRT
- Attempting to hold the 28 DMA: M
- Up against falling trend line resistance: USO
- Moderately overbought: GM and JO
- Toppy: DE and DBC
- Has gone parabolic: GBTC
- A break out either way on the way: DD, GS, MAN, TD, TSLA
- Anything posted on these pages 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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