- Yi: +31.13
- Attempting to bottom out at this level: GT, JO, PPC, PPG, TGT
- Extremely oversold: DLPH
- At the average oversold level: CMI
- Moderately oversold: BCO, BWA, CC, $CRB, FCX, $GASO, LBAI, MOS, NTAP, NUS, RYE, SFIX, TGT, TSN, WOR, XLE, $XOI, XOM
- Trying to hold rising trend line support: CAT, CPRI, IR, VGK
- Trying to hold falling trend line support: MGA
- Attempting to hold the 28 DMA: BIDU, C, CAR, CWI, DAL, FLO, GE, JNPR, M, MET, MMM, REMX, SWK, TPR, TTM, VGK
- Up against falling trend line resistance: T
- Moderately overbought: BBGI, JACK, PAYX
- At the average overbought level: IBM and INTC
- Getting toppy: CLX
- Possible top here for: A, CG, NOW
- A break out either way is setting up for: CIEN and CNK
- 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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