- Yi: + 49.8
- Attempting to bottom out: AGX, AMAT, B, BBBY, BGS, CIEN, CMI, COIN, CSCO, CSX, CUT, CVY, HBI, HD, $HGX, HNI, $INDU, IQV, IWM, IYG, KMB, KODK, $LUMBER, M, $NDX, NUS, $NYA50R, OMC, PPC, QLD, QQQ, PAYX, PRU, RY, SLVO, T, TROW, TSLA, TSN, VALE, VLY, VOT, WGMI, WHR, XLK, XMMO, YETI, YYY
- Extremely oversold: HBI, MMM
- Oversold: ALV, BBBY, CAR, IP, MDC, MGA, MJ, NUS, T, TSM, WHR
- Moderately oversold: BIDU, GT, IVW, JACK, JNPR, MAIN, NTAP, NYCB, PAG, PM, PPC, PRU, TPR, TSN, UNG, USB
- Trying to hold rising trend line support: $INDU
- Trying to hold falling trend line support: MU
- Attempting to hold the 28: $COFFEE, CBRL
- Attempting to hold the 65: FLO, MARA
- Up against the 28: HA, SNA
- Overbought: $USD
- ABEWISUF: BMY, FAST, MED, MRK
- 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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