- Yi: +5.8
- A possible bottom here for: $GASO, $SILVER, MAT
- Trying to bottom out: CORN and SUNE
- Extremely oversold: PMPIX
- Oversold: $GASO, $VIX, PTEN
- Moderately oversold: $HGX, IP, MTH
- Trying to hold the 65 DMA: FB
- Trying to hold the 28 day: NAT
- Up against the 28 day: CSIQ, GDDY, SCHD, WOR
- Up against the 65 day: $DJW, AMD, CTB, CVY, EWA, INTC, TSL, WU
- Moderately overbought: $SPX, F, IDA, SPWR, X
- Overbought: XON
- Extremely overbought: CVS
- Toppy: SPPIX
- A break out in either direction is on the way for: CSL
- 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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