- Yi: +0.5
- Trying to bottom out in this area: URE
- Standard oversold: ENER and SUN
- Moderately oversold: $BDI, $WTIC, $XOI, ACH, BAC, CSL, EWJ, FRO, IDA, KFT, ROK, SHI, SPWRA, TIE, TOT, UGP, USB, WSO, X, XLU
- Trying to hold the 28 day moving average: B, BBT, BPOP, BPZ, C, CAT, FCX, GTU, HCBK, NM, UGA, WY
- Trying to hold the 65 day moving average: $CRB, $HGX, DELL, FSLR, MBI, NAT, PBW, PTR, SLV, T
- Moderately overbought: $USD
- 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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