- Yi: +3.55
- Attempting to bottom out in this area: AFL, BAL, BMY, BNS, C, CLF, $COPPER, $COTTON, F, GE, GS, HA, $HGX, IBM, IDA, IQV, IYE, IYG, JNJ, JPM, KMB, KO, KOL, KSS, LPL, MAIN, MAN, MAT, MTSI, NDAQ, NTAP, $NYA50R, PAG, PCRFY, PFE, PG, PM, PNC, RY, RYE, SCHD, SDY, SU, T, TAP, TD, TGS, TLRD, TTM, UTX, UYG, VFC, VLY, WFC, WOOD, XLE, XOM, XRX
- Extremely oversold: MAN
- Average oversold: KMB, JNJ, T, WSO
- Moderately oversold: CPB, GIS, WBA
- Attempting to hold the 28 DMA: $VIX
- Up against the 28 DMA: IRBT and RGLD
- Up against falling trend line resistance: YUMC
- Anything posted here 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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