- Yi: -1.5
- Moderately oversold: OGE
- Attempting to hold the 28 DMA here: GA
- Attempting to hold the 65 DMA: $VXO and EGO
- Trying to break above the 28 DMA: $XAU, AA, ABX, ACH, AEM, ASA, CAT, DELL, EWA, EWI, GDX, GE, GF, GFI, GG, KGC, LDK, LEN, LUFK, MTH, NEM, NWL, PGM, PLL, PTR, RGLD, UGP, WFR
- Moderately overbought: BGF
- 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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