- Yi: -2.5
- Possible bottom here for: ASA and B
- Trying to bottom out in this area: AEM, BMY, BPZ, CLF, CSIQ, CSL, EEFT, EGO, ELN, FXI, GDX, GF, GFI, GG, KGC, KO, LDK, MEOH, MTH, PBW, PBY, PGM, PNRA, SHLD, SUN, TPX, WSO
- Extremely oversold: $XAU
- Standard oversold: BPOP
- Moderately oversold: HMY, IDA, MMC, PHI
- Trying to break above the 28 DMA here: WFC
- Trying to break above the 65 DMA: MBI
- 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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