- Yi: +7
- A possible bottom here for: AAUKY, F, GM, HPQ, HSH, NAT
- Now trying to bottom out: $PLAT, AA, ACH, ATI, AVP, CLF, DM, ELN
- Average oversold: ATI, CLF, FB, NFLX
- Moderately oversold: $GASO and CSL
- Attempting to hold the 65 DMA here: AAPL and MBI
- Attempting to hold the 28 day: $HGX and $USD
- Up against the 28 day: AU
- Up against the 65 day: GG
- Up against some falling trendline resistance: CHK, CREE, DELL, GDX, IWM, LEN, NUGT
- Moderately overbought now: ARMH, BA, BMY, CAKE, DGP, GLD, IP, PTEN
- Toppy here: BGS
- A break out in either direction is on the way for: ELY
- 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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