- Yi: +3
- Probable bottom here for: FSLR
- Trying to bottom out in this area: $GASO, ACAS, COGO, GA, IFN, LDK, PTEN, SEED, SHLD, SU
- Standard oversold now: ACAS
- Moderately oversold: BA, BMY, EXP, HCBK, IWM, MTH, NAT, PEG, PHI, PTEN, SHI, URE
- Attempting to hold the 65 day here: AVP, MTH, NM, NST, NTES, WSO, XLU
- Attempting to hold the 28 day: $HGX, $SOX, $WTIC, BBT, ROK, SKS
- Attempting to break above the 65 day: NOK
- Moderately overbought now: $GOLD, $XAU, ABX, ASA, GDX, GLD, HMY, KGC, NEM, RGLD, SLW, SUN
- Standard overbought: AEM, GG, SLV
- A break out in either direction is on the way for: CTB
- 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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