- Yi: +2.25
- Now trying to bottom out: AEM, BPZ, CAT, CHK, CSIQ, ENER, EXP, GE, GTU, IRF, MSCC, NAT
- Standard oversold: B, BPZ, COGO
- Moderately oversold: $GOLD, $XAU, $XOI, AA, ABX, ACF, ACH, CPSL, DVY, ELN, ENER, EWA, GOOG, IWM, VFC, WFR
- Attempting to hold the day: $WTIC, BAC, BBT, FRO, KO, QQQQ
- Attempting to hold the 65 day: $GOLD, $OEX, $PLAT, $SPX, $XAU, ACH, AKNS, AXP, BA, CEF, CLF, CSCO, DDM, DVY, ELN, IYY, PLL, SDTH, T
- Attempting to break above the 65 day: NM
- Toppy here: MKC
- A break out in either direction is on the way for: PEG
- 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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