- Yi: +9.75
- Attempting to bottom out in this area: AKAM
- Standard Oversold: AQA.TO
- Moderately Oversold: ABX, CLF, HPQ, IFN, IRF
- Attempting to hold the 28 DMA here: AGQ
- Up against some falling trendline resistance: BBT and DM
- Moderately Overbought now: CNK, EWJ, GPC, HIT, HOGS
- Standard Overbought: SCHH, $PLAT, IP
- Extremely overbought: $GOLD-weekly
- Toppy here: $GASO, $NYA50R, CNK
- A possible top here for: $DJW, $XOI, ARMH, BA, CAT, CSL, DDM, DVY, EWI, GF, SCHM, IYY
- A probable top here for: $GOLD
- 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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