- Yi: +6.5, +6.75, +7.6, +7.4
- Trying to bottom out: FAZ
- Extremely oversold: DM
- Oversold: EGPT
- Attempting to hold the 65 DMA here: $USD and DUST
- Up against the 28 DMA here: $DJX, $NYA50R, $OEX, $SPX, XOI, AAPL, BMY, CAT, DDM, DVY, FCX, GE, GF, IWM, IYY
- Up against the 65 day: $DJW, A, DBB, KBE
- Up against some falling trendline resistance: HPQ
- Moderately overbought now: $GOLD, $HGX, $IIX, $SILVER, ACAS, AEM, CAKE, CSCO, CSL, DGP, EGO, EWJ, GPC
- Overbought: EEFT, FB, HOGS
- Toppy here: AGQ, ANF, BLL, EEFT
- A possible top here for: EXP
- There may be some more opinions added on here later. 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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