- Yi: +2.3
- A possible bottom here for: $HGX, $CRB, $GOLD, $XOI, AMCC, IP, JCP, M, OIL, RYE, STX, TKR
- Trying to bottom out here: AAPL, CNK, COPX, FCX, HPQ, MOS, MTH, RAIL, ROK, SHAK
- Moderately oversold: DIS, MMC, NCR, NFLX
- Attempting to hold the 28 DMA here: BMY
- Up against the 65 day: $FXT, AEM, DYN, EWA
- Moderately overbought: NUS and Q
- Overbought: SPWR
- A break out in either direction is on the way for: CSL, FB, GF, GOOG, PEP, RGLD
- Anything posted here may be off base of course.
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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