- YI: -2
- Trying to bottom out: CDE, EWA, EWI, EWJ, TOT
- Extremely oversold: FXF, SLV
- Oversold: SHI
- Trying to hold the 28 DMA here: KBW, $SPX, SUN
- Moderately overbought: ALEX, B, COGO, EEFT, ELN, LDK, LOW, NST, PBY, SDTH
- Overbought: IRF, OGE
- Toppy here: $USD, ADP, ARM, CSL, CSY, KFT, MBI, PAYX
- A break out either way is on the way for: SGP
- Anything posted here 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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