- Yi: +17.35
- Attempting to bottom out: ATI, BCO, BEN, BGG, M
- Moderately oversold: BA and JO
- Attempting to hold the 65 DMA: D
- Up against the 65 DMA: IBM and WSO
- Up against the 28 DMA: XRX
- Up against falling trend line resistance: AAPL, ANF, BBGI, CAR, HRB, MTSI, QCOM, QQQ
- Moderately overbought: FB, IBM, QSR, SFIX, $USD
- At the average overbought level: MRVL, PINS, PYPL
- Getting toppy: AEM, NEM, RGLD
- A break out either way is setting up for: AMAT, BIDU, KOL, NFLX
- Anything posted here may be in error.
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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