- Yi: -3
- Trying to bottom out in this area: $SOX, $SPX, AIG, BAC, BBT, BNI, BPOP, BPZ, C, CSCO, CTB, KBE, LDK, LEN, LUFK, NWL, PHI
- Extremely oversold now: ARM, AXP, GE, PBY
- Standard oversold: AAPL, ACF, AXB, CSL, EEFT
- Moderately oversold now: $HGX, $XEU, ACH, CBK, CHK, CNK, FXI, GF, GM, GPC, IWM, KO, MTH
- Trying to hold the 28 DMA here: ACAS, CAKE, ELN, JOSB
- Trying to hold the 65 DMA: IDA
- Trying to break above the 28 DMA: $XAU , ASA, CEF, GDX, GFI
- Trying to break above the 65 DMA: MFE
- Moderately overbought now: $USD, CREE, GLD, RGLD, SLV
- 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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