- Yi: +32.15
- Extremely oversold: LYFT
- Average oversold: AHH, $HGX, LEN, MTH
- Moderately oversold: AMAT, AMP, BWA, CG, DAL, EMR, IQV, IYG, IYJ, LOW, MAN, MDC, MMM, NSC, PRU, QSR, SWK, UBER, WY
- Attempting to hold the 65 DMA: AIG, ETN
- Attempting to hold the 28 DMA: $COPPER, CSIQ, IP, QCLN, VLY
- Trying to hold some rising trend line support: DAL, EMR, TGS
- Toppy: PBI, PINS
- A break out either way is setting up for: NFLX
- 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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