- Yi: -5.5
- Trying to bottom out: CTB
- Extremely oversold: $XOI, CNK, DUST, NFLX, NOK, Q, TSLA, T
- Standard oversold: GDDY, HSNI, NTES, QLD, WY, XLY
- Moderately oversold: DRI, SBUX, $USD, ANF, EROS, GOOG, MCD, MED, MSFT
- Attempting to hold the 65 DMA here: JNJ
- Moderately overbought: ATI, COPX, CREE, MMC, RGR, SIVR, SLV, T
- Standard overbought: $GOLD, $PLAT, CEF, DBP, GDX, GFI, GG, IAU, JNUG, NUGT, PMPIX, RGLD
- Extremely overbought: $DJGSP and ABX
- Toppy here: AEM, PEG, TKR
- A break out in either direction is on the way for: $WTIC and DBC
- 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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