- Yi: +8.35
- Now trying to bottom out: ARM, PBY, STX, ZSL
- Extremely oversold: ENER
- Standard oversold: DZZ, HCBK, PBY
- Moderately oversold: ACH, MBI, X
- Now trying to hold some rising trendline support: $DJX, ELY, JASO, KFT
- Attempting to hold the 65 DMA here: $HGX, BBT, CSIQ, IDA, PBW, PEG, QCLN, USB
- Attempting to hold the 28 day: CAT and JCP
- Now trying to hold falling trendline support: ACH, AMSC, C
- Moderately overbought: $XAU and RJZ
- Extremely overbought: AGQ
- Toppy here: OCR, RJI, UGA
- A possible top here for: GLD, SLV, SLW
- 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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