- Yi: +6.8
- Trying to bottom out: $DJX, CREE, HPQ
- Extremely oversold: ANF
- Oversold: $DJX, CREE, PHI
- Moderately oversold: $DJW, $NYA50R, $OEX, AVP, AXP, C. CSCO, CTB, DDM, GE, GOOG, HPQ, JDSU, JPM, MED, SNDK, WFC, WSO, XLP
- Attempting to hold the 65 DMA here: $IIX, BA, CAKE, EFV, IWM, KBE, MMC, PAYX, SCHA, SCHG, VIS, VOT
- Attempting to hold the 28 day: CLF
- Moderately overbought: $VIX, $VXO, $WTIC, DBC, VFC
- Overbought: $SILVER
- Extremely overbought: TSLA
- Toppy here: $GOLD, AGQ, SIVR, SLV, USLV
- 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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