- Yi: +1.1
- A possible bottom here for: DB
- Now attempting to bottom out: AU, FXF, IAU, UGLD
- Moderately oversold: $FXT, FXI, SU
- Attempting to hold the 65 DMA here: GLW
- Attempting to hold the 28 day: EWA
- Up against the 28 day: $NYA50R, NUS, QVCA
- Up against the 65 day: CVA, EROS, HSY, STX, TSL
- Moderately overbought now: CTB, GPC, LPL, MTH, O, PFF, ROK, TSLA, WSO
- Toppy here: BGS, MKC, NFLX, WY
- A possible top here for: $HGX, ANF, XLY
- A break out in either direction is on the way for: $DJGSP, $DJW, $SPX, $XOI, AEM, BAC, C, DM, EFV, MMC, PEP, RYE, XLE
- 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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