- DIS, HSNI and SHAK are possibly forming a bottom in this area.
- F is attempting to bottom out.
- LEN is moderately oversold.
- IAU, UGLD and WOR are up against falling trend line resistance.
- EROS, LPL and UGP are up against the 65 day.
- GDX, JNUG, NUGT and X are up against the 28 day.
- CAT, FXI, GDDY, HPQ, IDA, MED, PEG, PEP, QCOM and RGLD are moderately overbought.
- JCP is setting up to break out in one direction or another.
- 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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