- Yi: +6.35, +6.2
- A possible bottom here for: IFN, NOK, PBW, PHI, PTR, QCLN, SEE, SHI, UGA, X, XOP
- Now trying to bottom out: $NYA50R-weekly, $PLAT, ANF, GF, PG, PGM, RJA, SCHC, SCHE
- Extremely oversold: $CRB, $WTIC, DELL, PHI
- Moderately oversold: CREE
- Attempting to hold the 65 DMA here: DUST and PEG
- Attempting to hold the 28 day: PRBLX-weekly
- Up against the 28 day: CHK, CTB, SLW
- Up against the 65 day: $HGX, AAPL, AU, MMC, SLE
- Up against some falling trendline resistance: $HGX, A, AAPL, EEFT, EGPT, F, LOW, RJI, SNDK, XLF
- Moderately overbought now: $DJGSP, AEM, AU, CAKE, CSL, LEN, ONXX
- Average overbought: $USD
- Toppy here: ONXX and UUP
- Anything posted here may be off base and there may be 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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