- Yi: +6.1
- Trying to bottom out: $PLAT, $XAU, ABX, AMD, AU, AVP, CDE, CTB, GDX, IP, JOY, NUS, SHAK, SHLD, SLW, STX, TKR, X
- Extremely oversold: $DJGSP, $XAU, ABX, AU, AVP
- Oversold: CDE and Z
- Moderately oversold: GT, NCR, NUGT, PTEN, WY, ZNGA
- Up against the 65 DMA: FNDF, SCHF, UGP
- Up against the 28 day: EFV, MMC, NTES
- Moderately oversold: BMY, COST, DB, MTH, PPH
- Overbought: LEN
- 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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