- Yi: + 56.05
- Attempting to bottom out: AVAV, IYJ, USB, WBD
- Extremely oversold: TROW
- Oversold: $NYA50R, SLV, UYG
- Moderately oversold: CVS, FLR, GILD, HRB, $INDU, LMT, MET, NVS, OMC, PAYX, PEG, QSR, SDY, WEC
- Trying to hold some rising trend line support: BMY, CPB, D, KHC, M, MKC, RGR, XMMO
- " " " " falling " " " : MGA, MS, RY, VLY, WBA
- Attempting to hold the 28: BMY, CLX, GIS, GPC, IBM, PM, SNA, SOYB
- Attempting to hold the 65: CORN, KHC, T
- Up against the 28: FB, NIB
- Moderately overbought: SPXU
- Toppy: BAL, $COTTON
- A break out either way is setting up for: BITO, NFLX, XRX
- 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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