- Yi: -3.5
- Possible bottom in this area for: C and JASO
- Trying to bottom out: AAPL, DELL, GA, LDK, MBI
- Trying to break above the 28 DMA here: $DJX, $XAU, ABX, ASA, CNK, GDX, JNJ, LUFK, MEOH, PG, PLL, PTEN, ROK, TPX, WOR
- Trying to break above the 65 DMA: KGC, RGLD, SHI, T
- Moderately overbought now: ACH, IDA, NAT, PBCT, PHI, SUN
- 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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