- Yi: +3.75
- Standard oversold: $GASO
- Moderately oversold now: $CRB, $HGX, $WTIC, ACF, ACH, CAKE, CREE, CSIQ, GDX, GLW, HCBK, HMY, IRF, LDK, LEN, NEM, OCR, RBS, SHI, SLV, SSRI, YGE
- Attempting to hold the 65 DMA here: ACH, AMAT, CPSL, FSLR, FXI, KGC, LOW, MTH, NM, PTEN, TSM
- Attempting to hold the 28 day: $XAU, AEM, AXP, DDM, EXP, FCX, GLD, GMR, IWM, IYY, JASO, JOSB, KBE, MEOH, NST, PGM, PTR, RJZ, ROK, URE, UYG, WFC, WHR, WY, XLF
- Attempting to break above the 65 day: $VIX and YGE
- Possible top here for: PG
- A break out in either direction is on the way for: IFN
- 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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