- Yi: -1.7
- Trying to bottom out: PTEN
- Trying to hold the 65 DMA here: FXF
- Up against the 28 day: $COPPER, $DJGSP, $XAU, AMD, ATI. CDE, CSL, FCX, NEM, PEGI, PFF, TSL
- Up against the 65 day: CAKE, COPX, FB, SPWR, TSL, UUP
- Moderately overbought: BGS, DM, JCP, MSI, S
- Anything posted may be way 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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