- Yi: +5
- Standard oversold: $USD
- Moderately oversold: ACAS
- Trying to hold the 65 day: BGF and F
- Trying to break above the 28 day: $GASO, ACF, UGA
- Trying to break above the 65: NAT
- Moderately overbought now: $CRB, $WTIC, ACH, AXP, CSIQ, EXP, FRO, FSLR, HCBK, IBM, IDA, JASO, KBE, MMC, SEED, TAN, WFC
- Standard overbought: $DJX, $HGX, $IIX, $OEX, $SPX, BBT, BPOP, DDM, DVY, FXI, GDX, GE, LEN, MKC, NOK, PAYX, PBW, SKS, UYG, WHR, XLF
- Extremely overbought: $GOLD, $XOI, AAPL, GE, GF, GLD, GOOG, IWM, IYY, KGC, MBI, RX, TLB
- Toppy here: $DJX, $OEX, $SPX, $XOI, AA, AAPL, AEM, BPZ, MBI, NM, ROK, SKS, SU, SUN, TLB, TPX, WSO
- Possible top here for: $XAU, CHK, CLF, DELL, DVY, DCX, GOOG, IWM, IYY, LUFK, PLL, QQQQ, UGP, URE, XOP
- 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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