- Yi: +6.7
- Attempting to bottom out: BAL, CANE, $CRB, DBI, DLPH, F, $GASO, MSI, SHAK, SPWE, $SUGAR, TPR, UGA
- Extremely oversold: SGGFF, $SUGAR, TPR
- Average oversold: CNK and CORN
- Moderately oversold: AXP, DFS, JPM, MCHP, MDC, MED, MTH, O, PNC, SIL, TSN
- Attempting to hold the 28 DMA: NVDA
- Up against the 65 DMA: RYE
- Up against the 28 DMA: AEM, QLD, SU
- Up against falling trend line resistance: KOLD
- A break out either way is setting up for: BIDU, BNS, FCX, FLR, JACK, MOS, SFTBY
- 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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