- Yi: +0.2
- Now trying to bottom out: AAPL, DB, DYN, EWI, HD, $NDX, WFC
- Extremely oversold: ANF and CSIQ
- At the average oversold level: AXP, BAC, C, IYG, $NYA50R, $UST30Y
- Moderately oversold: AMCC, AVAV, AVP, B, CAR, CAT, CREE, CVGRX, DM, EFV, EGPT, F, FB, IJR, IYG, IWM, SBUX, $SPX, $XOI
- Attempting to hold the 65 DMA here: IYE and NOV
- Moderately overbought: CEF, $GOLD, $SILVER, $USD
- A possible top here for: BGS
- 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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