- Yi: +5
- Moderately oversold now: ENER, FSLR, NAT
- Attempting to hold the 65 day: MKC and TOT
- Attempting to hold the 28 day: DELL and WFR
- Attempting to break above the 65 day: GA and NEM
- Moderately overbought now: $NYA50R weekly, $XAU, AEM, ASA, ELN, GDX, GG, GLD, IFN, RJI, WSO
- Standard overbought: AA, ARM, BAC, BMY, CBK, EGO, EWA, EWJ, F, LOW, RJZ, UGA
- Extremely overbought: SHI
- Toppy here: ACH, ARM, GE, LOW, WHR
- A break out in either direction is on the way for: SHLD
- 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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