- Yi: +6.2
- Trying to bottom out now: COH
- Extremely oversold: BMY
- Moderately oversold here: BGS, CLF, $USD
- Trying to hold rising trend line support: BWA, $SILVER, $USD, $XAU
- Attempting to hold the 65 DMA here: ASA
- Attempting to hold the 28 DMA here: AEM, $DJGSP, GDX, IJH, MDY
- Up against falling trend line resistance: $WTIC
- Up against the 28 DMA here: GBTC
- Moderately overbought now: FXF
- Toppy here: C
- A break out in either direction is on the way for: $GOLD, DBP, SGG
- 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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