- Yi: +8.9
- Trying to bottom out: ACH, CHK, CLF, SU
- Extremely oversold: $COPPER
- Oversold: $VIX
- Moderately oversold: ATI, CU, IP, X
- Trying to hold the 65 DMA: NTES, SPWR, TSL
- Up against the 28 day: CMG, CWI, GF, PAYX
- Up against the 65 day: COST and WU
- Moderately overbought: $DJW, $SPX, AMD, ARMH, BMY, CSL, GM, LEN, PEP, SCHB, SCHX
- Overbought: NAT and XLY
- Toppy: $HGX, $NDX, SEE, XON
- A break out in either direction is on the way for: $CRB, $WTIC, AAPL, CSIQ
- 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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