- Yi: +8
- Trying to bottom out: HPQ and PTR
- Oversold: DSLV and ZSL
- Moderately oversold: PTR
- Attempting to hold the 65 DMA here: IP
- Up against the 28 day: PBW, SCHA, SCHM, UGA, USB, VOT
- Moderately overbought: EGPT, GDX, GLD, IAU, LMT, LOW, MSFT, OCR, SU, UGLD, XOP
- Overbought: TSLA and USLV
- Extremely overbought: NTES
- Toppy here: TSL
- A break out in either direction is on the way for: PAYX
- Anything posted here may be way 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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