- Yi: +2.3
- Trying to bottom out: $HGX, $FXT, $XOI, BGS, CVY, CWI, DBO, EWA, EWA, FEU, MOS, MTH, OIL, QCOM, SHAK
- Extremely oversold: $WTIC and DYN
- Oversold: $NYA50R, GG, IP, JCP, SEE
- Moderately oversold: $DJGSP, $XAU, ABX, ARMH, ASA, CREE, DBP, EGPT, GDX, LEN, MDLOX, NUGT, PFF, RGLD, S
- Attempting to hold the 28 DMA here: GDDY and NEM
- Up against the 28 day: DUST and JDST
- Moderately overbought: HSY and TSL
- Toppy here: MAT and RJR
- A break out in either direction is on the way for: CORN, NCR, SYY
- 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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