- Yi: -1.7
- Extremely oversold: AVAV, JOY, PTEN
- Oversold: CLF, DM, ROK, TKR, UGP
- Moderately oversold: BAC, CAT, CSL, FCX, RJR, S
- Trying to hold the 65 DMA here: $CRB and GE
- Trying to hold the 28 day: $COPPER, CORN, XON
- Moderately overbought: $GOLD, ANF, PAYX, TSLA
- Toppy here: BGD and FB
- A break out in either direction is on the way for: CMG, DBO, JWN, MSFT, OIL, USO
- Anything posted here 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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