- O is possibly forming a bottom in this area.
- AVP, BGS, CSIQ, DBC, GDX, GFI, GG, IAU, JNUG, MKC, NEM, NUGT, PEG and SLW are attempting to bottom out in this area.
- FB, GDX, LPL, SLW, and UGLD are at the average oversold level.
- CWI, FXI, GOOG, RGLD and UGP are moderately oversold.
- OIL is trying to hold falling trend line support.
- HSY is attempting to hold the 28 DMA here.
- CMG, CREE, CTB, DIS, DUST, EROS, GM, JCP, JDST, PAYX, RAIL and SHLD are moderately overbought.
- AVAV and B are at the average overbought level.
- FCX, M, MMC and SHAK are toppy here.
- MSI is possibly forming a top in this area.
- 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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