- Yi: +1.1
- A possible bottom here for: CMG
- Now trying to bottom out: AAPL, DRI, GLW, GOOG, MSFT, NFLX
- Extremely oversold: DUST and JDST
- Moderately oversold: CTB, INTC, LPL
- Attempting to hold the 65 DMA here: $DJW, CWI, MET, SMH
- Attempting to hold the 28 day: IJH, MDY, $SPX
- Up against the 28 day: NTES
- Moderately overbought: $BDI, DM, GFI, IAU, NOV, PTEN
- Average overbought: ABX, AEM, ASA, BGS, DBP, FCX, GDX, GG, NEM, NUGT, $PLAT, $WTIC, $XAU
- Extremely overbought: JNUG
- Toppy here: COPX, EWI, $NYA50R
- A possible top here for: AA, DBC, $DJGSP, OIL
- 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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