- Yi: +4
- Standard oversold now: ABX, KGC, RGLD
- Moderately oversold: $GOLD, ASA, CEF, GG, NEM
- Attempting to hold the 65 day moving average: $XEU, TLB, WFR
- Moderately overbought now: $DJW weekly chart, $DJS, $OEX, $SPX, ARM, BA, BBT, CLF, DDM, DELL, DVY, EWJ, MSCC, SDTH, TKR, URE
- Standard overbought: $HGX, AXB, CNK, COGO, GPC, IWM, IYY, JOSB, KBE, LDK, LMT, MFE, MTH, PNRA, PTEN, ROK, TPX, WATG, WFC, WHR, WSO
- Extremely overbought: $IIX, ACF, GOOG, SHLD
- Possible top here for: EWI, QCOM, TAN, WDC
- Toppy here: BPZ, EEFT, EXP, PBW, QQQQ, TIE, USD
- Probable top here for: NTES
- A break out in either direction is on the way for: $CRB, $XOI, CREE
- 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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