- CVS and TSLA are trying to bottom out in this area.
- GG, JNUG and NUGT are now at the average oversold area.
- DUST, FXF, GFI, IAU, NEM, PYPL, RGLD, SLW, TSLA and UGLD are now moderately oversold.
- QLD, UGA, USO and XLE are attempting to hold the 28 day moving average.
- WY is up against the 65 day moving average.
- QID is up against the 28 day moving average.
- JDST, JPM, MET and MOS are now moderately overbought.
- MSI is forming a possible top here.
- CTB, CVY, GLW and GM are getting ready to break out in either direction.
- Anything posted here may be off base, depending on market conditions.
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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