- Yi: +20.52
- Possible bottom here for: MJ
- Trying to bottom out: AEM
- Average oversold: AGX, CBRL, FSLR, SPWR
- Moderately oversold: B, BABA, BBL, CSX, DB, DBO, GDDY, GE, IWM, MAIN, MMM, MRVL, MTSI, MSI, PM, QQQ, SHAK, TKR, TTM, TWTR, VOX, $WTIC, XLE, $XOI, XRX, YETI, YUMC
- Attempting to hold the 65 DMA: CG
- Attempting to hold the 28 DMA: BGS, STX, VNO
- Moderately overbought: DBA, SOYB, $VIX
- Getting toppy: SYY and TSM
- A break out either way setting up for: TSLA and WEN
- 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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