- Yi: + 65.8
- Attempting to bottom out: CAT, CFVI, CMI, IR, JACK, KMB, MED, MKC, NYCB, PFE, PPG, WBA, XRX
- Extremely oversold: FL
- Moderately oversold: BAL, D, JO
- Attempting to bottom out: APD
- Trying to hold some rising trend line support: $COFFEE, SLV
- Attempting to hold the 28 DMA: AEM, DBA, $XOI
- Attempting to hold the 65 DMA: CORN, $PLAT, SOYB
- Up against the 65 DMA: TSN
- Up against the 28 DMA: ALEX, BNS, VOT
- Toppy: $GASO
- 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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