- Yi: +9.9, +10, +10
- Trying to bottom out here: $VIX and FAZ
- Extremely oversold here: DUST and FAZ
- Up against the 28 DMA here: HPQ
- Moderately overbought here: A, AAUKY, ACH, ANF, ARMH, AU, AXP, CAT, EWA, EWJ, FB, FXI, GXC
- Average overbought: EFV, EGO, GG
- Extremely overbought: GDX
- Toppy here: $DJGSP, $DJW, $DJX, $HGX, $IIX, OEX, $SPX, $XAU, $XOI, AA, AAPL, ABX, ACAS, AEM, AGQ, ATI, B, BLL, C, CAKE, COST, CSL, CTB, DBB, DDM, DGP, EFV, EWI, EXP, FCX, GE, GF, GLD
- 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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