- Yi: +1.7
- Trying to bottom out: FXF
- Extremely oversold: EROS
- Moderately oversold: ASA, AU, DB
- Trying to hold the 65 DMA here: CWI, FEU, GDDY
- Attempting to hold the 28 day: $DJGSP, $XAU, COPX, EWA, EWI, GDX
- Up against the 28 day DMA: $WTIC
- Up against the 65 day DMA: B
- Moderately overbought: $UST3M and AAPL
- A possible top here for: DIS and FB
- A break out in either direction is on the way for: FDX
- 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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