- Yi: +8, +8.3, +9.25, +9.3, +9.6, +10, +10
- A possible bottom here for: $GOLD, $XAU, ABX, AEM, AU, CDE, EGO
- Trying to bottom out: $CRB, SILVER, CLFM FCX, GG, GLD, IAU, JCP
- Extremely oversold: NUGT
- Oversold: AAPL, CLF, DGP, DM, EGPT, FAZ, MM
- Moderately oversold now: $VIX, $WTIC, AAUKY, DBC, DBO
- Attempting to hold the 65 DMA here: ELY and HOGS
- Now up against the 28 day: A and F
- Up against the 65 day: BGS
- Up against some falling trendline resistance: GDX and FXI
- Moderately overbought now: $DJW, $HGX, $IIX, $XOI, ARMH, BA, CAKE, COST, DVY, EXP, INTC, IWM, KRFT, LOW, MMC, PG, QQQ
- Overbought: $DJX, $OEX, $SPX, AXP, CREE, DDM, GIS, GOOG, GPC, HPQ, IDA, IP, IYY, JCP, MBI, MSI, PEP
- Toppy here: GLS, GOOG, HPQ, IP, IYY, KRFT, MBI, MSI
- A possible top here for: $USD, DUST, PEG
- A break out in either direction is on the way for: NCR
- 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.
Thank you very much! YZ
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