- Yi: +1.2
- A possible bottom here for: ATI, CEF, DB, I, JNUG
- Now trying to bottom out: $GASO, $WTIC, ANF, CORN, CU, EGPT, EROS, HSY
- Extremely oversold: ASA, AU, CDE, CHK, GFI
- Oversold: $DJGSP, AU, CMG, DBC, GDX, GG, HSNI, IAU, NUGT, NUS, PEGI, QCLN
- Moderately oversold: ABX, AEM, CSIQ, IDA, IP
- Attempting to hold the 65 DMA here: BA and CNK
- Attempting to hold the 28 day: $BPSPX
- Up against the 65 day: $XOI
- Moderately overbought: DUST, JDST, NFLX
- A break out in either direction is on the way for: NAT
- Anything posted here may 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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