- Yi: -3.5
- Now trying to bottom out: AAPL and FXI
- Extremely oversold: BA
- Oversold: DUST
- Moderately oversold: JDST
- Attempting to hold the 65 DMA here: CTB
- Up against the 28 day: DBC, DBO, IYE, JCP
- Up against the 65 day: AVP, CAT, JNUG
- Toppy here: ABX
- A break out in either direction is on the way for: $HGX, ANF, IWM, IYJ, MED
- 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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