- Yi: -5
- Trying to bottom out in this area: CLF, FXF, GFI, GG, GLW, IRF, KGC, NOK, PGM, PLL, QCOM, SLV
- Extremely oversold: $CRB, $XAU, AAPL, B, CDE, EGO, ERIC, GDX, MEOH, PPW, SU, TOT, WATG, WFR, X
- Standard oversold: AEM, ASA, BA, BNI, BZP, IBM, IWM, NEM
- Moderately oversold: LMT, MFE, PNRA, TLB, WSO
- Attempting to hold the 28 DMA here: $GOLD, CEF, GLD, RGLD
- Attempting to hold the 65 DMA: ACF, GTU, MMC, RGLD
- Moderately overbought: MER and USB
- Standard overbought: $USD
- 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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