- Yi: +4.3
- Trying to bottom out: AAUKY, ACH, ATI, AVP, CLF, CSIQ, DBO, EGPT
- Extremely oversold: $BPSPX, $COPPER, $DJGSP, $PLAT, $SILVER, AA, ASA, CTB
- Oversold: $CRB, $DJW, $GOLD, AMD, AU, COH, COPX, CU, EWA, FCX, GDDY
- Moderately oversold: $NDX, AXP, B, BLL, C, CAT, CWI, EFV, EWJ
- Trying to hold the 28 DMA: AIG
- 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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