- Yi: + 50.1
- Attempting to bottom out: BMY, ITW, JWN, NYCB, WHR, YETI
- Oversold: STX
- Moderately oversold: CIEN, CSX, $GOLD, M, MRK, PRU, SIL, SLV, SLVO, VLY, YYY
- Attempting to bottom out: AEO
- Trying to hold some rising trend line support: CAR, IP
- Attempting to hold the 28: AA, AFL, BIDU, DBI, JACK, KR, LMT, MET, RS, SOYB
- Attempting to hold the 65: BABA, GPC, HRB, UNG
- Toppy: ADM, $COTTON
- 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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