- Yi: -1.0
- Trying to bottom out: $SPX and TWTR
- Moderately oversold: $USD and MED
- Attempting to hold the 65 DMA here: BMY and CLF
- Attempting to hold the 28 day: P
- Up against the 28 day: DF
- Up against the 65 day: IYG and WTC
- Moderately overbought: EWI, GF, GOOG, LPL, RTH, XLK
- Standard overbought: IP and NUS
- A bit toppy here: $GASO, $XAU, CSL, DBC, IDA, HPQ, INTC, PEP
- 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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