- Yi: +2.2
- Trying to bottom out: $GOLD, CAKE, CMG, DB, EWI
- Oversold: $XAU, ASA, AU, CEF, GDX, GFI, GG
- Moderately oversold: ABX, AVP, CORN, CU, DBP, EWA
- Attempting to hold the 65 DMA here: BLL, BMY, DIS, GT
- Attempting to hold the 28 day: CVY, CWI, DM
- Moderately overbought: $USD, ANF, CNK, DUST
- Overbought: BAC, FB, GDDY, GOOG
- Toppy here: ANF
- A break out in either direction is on the way for: EGPT
- 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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