- Yi: +29.76
- Attempting to bottom out at this level: CC, DE, HA, IYE, JNPR, MMM, NUS, PPC, RYE, SU, TUP, WFC, WOR, XLE, $XOI
- Extremely oversold: TUP
- At the average oversold level: BCO, JJNTF, MMM, NOV, NTAP, NUS, OMC
- Moderately oversold: GEF, KHC, MED, MRVL, OXY, PFE, STMP, STX, TRV, TXN
- Trying to hold rising trend line support: CAT, IRBT, MS
- Attempting to hold the 65 DMA: AHH, CLX, WY
- Attempting to hold the 28 DMA: CL, IBM, PAYX, $PLAT, RRGB
- Up against the 65 DMA: KDP
- Up against the 28 DMA: GILD
- Up against falling trend line resistance: $COTTON
- Up against rising trend line resistance: JNJ
- Moderately overbought: GE
- At the average overbought level: LM, NDAQ, NSC, MTH
- A break out either way is setting up for: TLRD
- 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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