- Yi: +3.6
- A possible bottom here for: $COPPER, $GOLD, INTC, TKR
- Trying to bottom out: AAUKY, CDEPAYX, PEGI, SPPIX
- Extremely oversold: $XOI, CHK, FCX
- Oversold: AXP, BLL, CAT, CTB, DBO, GPC, MOS, QCLD
- Moderately oversold: $HGX, $SPX, AAPL, ANF, CNK, CSIQ, DVY, EWA, GE, LEN, MAT, MTH, PAYX, PEG, ROK, SCHD, SDY, SUNE
- Trying to hold the 28 DMA here: $NDX, HSY, PHI, PPH, UUP
- Toppy: CMG
- 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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