- Yi: +8.2
- Trying to bottom out here: AVP, BGS, DUST
- Moderately oversold: CMG, F, PEGI, UUP, VFC
- Oversold: IDA and JDST
- Attempting to hold the 65 DMA here: FCX and OIL
- Attempting to hold the 28 day: MAT and SHAK
- Up against the 65 day: CVI
- Up against the 28 day: IP and SYY
- Moderately overbought: $XAU, ABX, DBP, EWI, FEU, FNDF, FXE, GDX, JNUG, JPM, MED, MKC, NEM, NUGT, RGLD, SCHF, SEE, SIVR, SLV, V, VGK, ZNGA
- Overbought: GT and NTES
- Toppy here: AEM and GT
- A break out in either direction is on the way for: RJR
- 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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