- YI: -3
- Moderately oversold now: $USD, KO, SYY
- Attempting to hold the 28 DMA here: MMC, PEP, WHR
- Attempting to hold the 65 DMA: AVP, GPC, IWM, MFE, NWL, PBCT, PG, VFC
- Trying to break above the 28 DMA: $CRB, $WTIC, GIS
- Trying to break above the 65 DMA: EGO
- Moderately overbought now: $XAU, ASA, CDE, GDX, NEM, PMPX
- 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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