- +0.3
- Trying to bottom out now: $GASO, $USD, DUST, NUGT
- Moderately oversold: $UST30Y, CAKE, CORN, GLW, JWN, NFLX
- Trying to hold the 65 DMA here: CNK
- Trying to hold the 28 day: $WTIC, AVAV, DBC, DBO, NAT
- Moderately overbought: ARMH, BAC, BMY, C, DIS, DM, FEU, GG, GOOG, JNUG, LPL
- Overbought: PEG
- A break out in either direction is on the way for: JCP
- 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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