- Yi: +3.2
- Trying to bottom out: CTB, DUST, GDDY
- Extremely oversold: DB
- At the average oversold level: JJG and WEAT
- Moderately oversold: $GASO, GF, NOK, SOYB
- Up against falling trend line resistance: B and MSFT
- Up against the 65 day: ANF and HD
- Up against the 28 day: CAKE
- Moderately overbought: FB, GG, INTC, JJN, LEN, LOW
- At the average overbought level: GLDI, $GOLD, $PLAT
- Toppy here: AU, CEF, $DJGSP, GG, GPC, IDF, $SILVER
- A possible top here for: ABX, AEM, AGQ, ASA, DBP, GDX, IAU, JNJ, JNUG, NEM, NUGT, PAYX, PEGI, $XAU
- 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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