- Yi: +22.63
- Trying to bottom out: AA, AGX, AXP, B, BBL, BWA, CAT, DBA, DBO, EBAY, $GASO, GS, M, MAIN, NOV, OILNF, PTEN, QRTEA, $UST3M, $WTIC, X, XLNX, Z
- Average oversold: HPQ and SCHW
- Moderately oversold: IP, MGA, NUS, WBA
- Trying to hold rising trend line support: NTR
- Attempting to hold the 28 DMA: CTB, TILE, $USD
- Up against the 28 DMA: IAU, SMG, WEN, YUM
- Up against falling trend line resistance: SFIX and WEC
- 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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