- Yi: -0.6
- Trying to bottom out: DUST and JDST
- Moderately oversold: $USD and EXP
- Trying to hold the 65 DMA here: AVP, CLF, FAZ
- Trying to hold the 28 day: AA and CHK
- Up against the 65 day: EGPT and GIS
- Moderately overbought now: $GOLD, $PLAT, AVAV, BA, BGS, CMG, CNK, DDM, DGP, FB, GLTR, IAU
- Overbought: LOW
- Toppy here: $BPSPX, $NDX, $NYA50R, $SPXA50R, AU, BA, CSCO, GT, LOW
- A possible top here for: EEFT
- A break out in either direction is coming up for: AAPL, ANF, JCP
- Anything posted here may be in error.
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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