- Yi: +0.8
- A possible bottom here for: COST and TWTR
- Moderately oversold: JCP
- Up against the 28 DMA here: CI
- Moderately overbought now: COPX, DYN, GF, $GOLD, GF, IYE
- Normal overbought: CHK and CLF
- A possible top here for: ABX, AEM, ASA, AU, CEF, $DJGSP, GDX, GG
- 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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