- EROS, FXF, GFI and PGF are possibly forming a bottom in this area.
- CVS and PHI are attempting to bottom out at this level.
- AEM, ASA, AU and CEF are at the average oversold level.
- HPQ is attempting to hold the 28 DMA here.
- FXI and MAT are up against falling trend line resistance.
- ATI, BGS, CHK, COH and GT are moderately overbought.
- CAKE, GE, QVCA, TKR and VOX are at the average overbought level.
- FCX is extremely overbought.
- AXP, C, I, IP and PAYX are toppy.
- B, M, VOT and X are possibly forming a top at this level.
- CMG, EFG, WFM and $XAU are setting up to break out either up or down.
- 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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