- Yi: +2.5
- Extremely oversold: GM
- Moderately oversold: BBT, CAKE, CBK, CLF, COGO, EEFT, EXP, FRO, JOSB, TKR, WOR
- Attempting to hold the 28 DMA here: $IIX, B, C, CPSL, F, NAT, USB, UYG, WDC, WHR
- Attempting to hold the 65 DMA: AKNS, GLW, USD
- Attempting to break above the 65 DMA: HMY
- Moderately overbought now: AEM, GLD, KGC, WGW
- Standard overbought: GDX, GFI, GG, PHI
- Toppy here: $XAU
- 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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