- Yi: -4
- Trying to bottom out in this area: $DJX, $HGX, $IIX, $OEX, $SPX, $XAU, AAPL, ABX, ACAS, AKNS, AVP, AXP, BAC, BNI, BPOP, BPZ, CAT, CBK, CPSL, CTB, DDM, EWA, EWI, EWJ, FNM, GDX, GE, HMY, IBM, IRF, IWM, IYY, KFT, LDK, LEN, LMT, MER, MFE, MKC, MMC, MOT, NEM, NOK, PAYX, PBY, PEP, QCOM, QQQQ, SDTH, SLV, SYY, TPX, TSM, URE, UYG, VFC, WFR, WHR, WY, X, XLF
- Trying to hold the 28 DMA here: KGC
- Possible top here for: IDA and NAT
- Toppy here: $VIX
- 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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