- Yi: +63.14
- Attempting to bottom out: HA, SPWR
- Oversold: AVAV, NOV
- Moderately oversold: AIG, B, BABA, BCO, CAKE, CNK, FL, IYE, MS, MU, NTR, NYCB, RYE, STMP, SU, TSM, TUP, UIS, VLY, WDC, WOR, XLE, $XOI, XOM, XRX
- Trying to hold some rising trend line support: BBL, CAT, GS, KSS, OMC, PBI, QRTEA
- Attempting to hold the 28 DMA: BBY, DE, DRI, FL, GEF, IYG, MDC, MET, RS, TXN, VOX
- Attempting to hold the 65 DMA: JNPR, MTH, TPR
- Up against some falling trend line resistance: AEM
- Up against some rising trend line resistance: KMB, MRK
- Moderately overbought: IDA
- 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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