- BGS is attempting to bottom out in this area.
- NAT, NOK and RAIL are extremely oversold.
- CMG and SPWR are at the average oversold level.
- GLW, LPL, OIL, S, $SPX and USO are moderately oversold.
- CVY and USO are attempting to hold rising trend line support.
- BAC and MAT are attempting to hold the 65 DMA.
- FXF and NEM are up against falling trend line resistance.
- HPQ is up against the 65 DMA.
- AU, JNUG and RGLD are up against the 28 day.
- COPX, FXF and SEE are moderately overbought.
- Anything posted 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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