- Yi: +2.75
- Possible bottom here for: $USD
- Standard oversold now: WATG
- Moderately oversold: $GASO, CPSL, FRO, GLW, SEED
- Attempting to hold the 65 day here: CAKE, CBK, NST, RAIL, SHI
- Attempting to hold the 28 day: $DJX, B, DDM, GOOG, NWL, UYG, XLF
- Toppy here: V
- A break out in either direction is on the way for: AVAV and RGLD
- 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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