- Yi: +5
- Now trying to bottom out in this area: $VIX and ACAS
- Extremely oversold: $USD
- Moderately oversold: SEED
- Attempting to hold the 65 day moving average: PLG
- Attempting to break above the 28 day: BBT, EXP, LPL
- Attempting to break above the 65 day: The $BDI weekly chart.
- Moderately overbought now: $PLAT, CAKE, ENER, FSLR, HCBK, IWM, LDK, MEOH, OCR, PEP, PGM, QCOM, SPWRA, SUN
- Standard overbought: $SOX, ACH, BPZ, CHK, LMT, PBW, RJA, RJZ, USD, X
- Extremely overbought: FCX, FXI, KO, LUFK, NTES
- Toppy here: GDX, NM, SLW, WGW
- Possible top here for: $GOLD, ASA, SLV, SSRI
- Probable top here for: $XAU
- Has gone parabolic now: $CRB, $WTIC, $XEU, ACF, CSIQ, PTR, RJI, SU
- A break out in either direction is on the way for: MFE
- 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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