- Yi: +8.8
- Trying to bottom out: NUGT
- Oversold: $CRB, $GASO, $PLAT, $SILVER, $WTIC, AGQ, AU, CDE, CLF, CREE, DGP, GLD, IAU, JNUG, PGH, RJI, UGA, UGLD, USLV
- Moderately oversold: $XAU, AUUKY, ABX, AEM, DBA, F, FCX, GDX, GG, JDSU, MOS, PTEN, WSO, XLE
- Attempting to hold the 65 day moving average: DBB, DVY, EEFT
- Attempting to hold the 28 day: XLU
- Moderately overbought: $BDI, DUST, GPC
- Overbought: DGLD, DSLV, EXP, RAIL, SHI, UUP, ZSL
- Toppy here: FB, MSFT, NFLX
- A break out in either direction is on the way for: ATI, GF, NCR, V, VOX
- 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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