- Yi: +0.5
- Trying to bottom out in this area: AKNS, BPOP, CNK, CREE, EXP, MBI, SKS, WDC
- Moderately oversold: V
- Trying to hold the 28 DMA here: $HGX, ACH, CSCO, SYY
- Trying to break above the 28 DMA: JASO, KBE, MTH, SDTH
- Trying to break above the 65 DMA: $DJW, CTB, EWI, IBM, IWM, KO, MKC, OGE, PBY, PEP, PTEN, QCOM, SPWRA, TAN, TSL, WATG, WSO, X, XLU, XOP
- Moderately overbought now: $XAU, ASA, CEF, GF, LMT, NTES, TKR, WGW
- Standard overbought: EGO and OCR
- Toppy: AEM
- 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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