- Yi: -3.8
- Trying to bottom out: CAT
- Extremely oversold: AAUKY
- Oversold: $HGX, $SPX, $XOI, BLL, CAT, CVY, DB, EFV, EXP, HPQ
- Moderately oversold: $DJX, $NDX, AKAM, ARMH, AXP, BMY, DDM, F, FCX, FNDB, GIS, GM, GT
- Up against the 28 DMA here: DSLV
- Up against the 65 day: $CORN and AA
- Moderately overbought: $VIX and FAZ
- Anything posted here could 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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