- Yi: +28.5
- Possible bottom here for: CC
- Attempting to bottom out at this level: CLF, $COPPER, FCX, NOV, VLY
- At the average oversold level: $COPPER, CORN, CPRI, DBI, GLW, IP, SOYB, XLNX
- Moderately oversold: AVGO, BCO, CSIQ, CWI, GEF, IRBT, KLIC, KR, MCHP, $NYA50R, $PLAT, QCOM, ROK, TKR, WOOD, WYND
- Trying to hold rising trend line support: MKC
- Attempting to hold the 65 DMA: AKAM, $HGX, $USD
- Attempting to hold the 28 DMA: AHH, AAPL, MMC, MS, Z
- Up against falling trend line resistance: F
- Has gone parabolic: TSLA
- A break out either way is setting up for: DFS, GS, PINS
- 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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