- Yi: +3, +4.15
- Now trying to bottom out: AEM and AUQ
- Oversold: FAZ
- Moderately oversold: $GASO, $GOLD, $PLAT, $SILVER
- Attempting to hold the 65 DMA here: AAPL, DELL, DM, QCOM
- Up against the 65 day: ELY, EXP, GF, JPM, PHI, SCHC, SU
- Moderately overbought now: $DJX, $OEX, $SPX, $XOI, AVAV, AXP, B, BLL, C, CAT, CSL, DDM, IWM, IYY, MBI, NTES, ONXX, PEG, ROK, SCHH, SCHM, SFD, SKS, USB
- Overbought: DVY, EEFT, F, PG, STX, V, VFC
- Toppy here: AVAV and COST
- A break out in either direction is on the way for: BMY, PBW, RAIL, TLB
- Anything posted here may be off base, and there may be some more signals before the market closes.
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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