- YI: -2
- Trying to bottom out in this area: KO
- Extremely oversold now: CDE, GFI, SLV
- Oversold: $CRB, $WTIC, IBM, TOT, WDC, X
- Moderately oversold: AAPL, ELN, MEOH, SU, UGP
- Attempting to hold the 28 DMA here: ARM, MOT, SUN
- Attempting to hold the 65 DMA: LUFK and RGLD
- Attempting to break above the 28 DMA here: WM
- Attempting to break above the 65 DMA: CAKE (Corrected from yesterday.), MER, PLG, UYG
- Moderately overbought now: CSL, CSY, PBY, WHR
- Overbought: $HGX and EEFT
- Possible top here for: $USD
- Toppy here: CBK and WY
- 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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