- Yi: +7.7, +7.2
- Trying to bottom out: CORN
- Moderately oversold: $XOI, IDA, MTH, NUS, SU
- Attempting to hold the 65 DMA here: $GASO, AA, DBC, DBO, OIL, UGA, USO
- Attempting to hold the 28 day: DIS and GE
- Up against the 65 day: $HGX, $NDX, BA, TKR
- Up against the 28 day: AVAV
- Moderately overbought: ARMH, BAC, BMY, CSCO, CSIQ, GT, JOY, PTEN, V, ZNGA
- Overbought: ATI, JPM, UGP
- A possible top here for: AIG
- Toppy here: SEE
- A break out is on the way for: $GOLD, $SILVER, CEF, DBP, PEG, QCOM, WOR
- 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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