- Yi: +10
- Extremely oversold: MOS
- Oversold: JCP and RJA
- Moderately oversold: $USD and X
- Attempting to hold the 28 DMA here: $GOLD, $SILVER, AGQ, AVP, EWA, IFN, MM, PEP, SIVR, SLV
- Up against rising trendline resistance: $SPX
- Up against the 65 DMA here: $CRB, CAT, SHLD, SNDK
- Moderately overbought: $WTIC, ANF, C, CSL, EGPT, EWI, GXC, PG, QCLN, SCHM
- Overbought: CHK, CREE, DVY, EEFT, FB, GF, GIS, IDA, IRF, IYY, OCR, PAYX, QLD, QQQ, ROK, SWK, VIS, VOT, WSO, XOP
- Extremely overbought: LMT
- A possible top here for: AKAM and GIS
- Has gone parabolic: LMT
- A break out in either direction is on the way for: $PLAT and NOK
- Everything posted here is just my TA opinion.
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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