- CEF, DBP, $GOLD, JNUG, NUGT, RGLD, $SILVER, SLV, SLW, SPWR and UGLD are possibly forming a bottom at this level.
- FB, FXI, HSNI, JCP and WOR are attempting to bottom out in this area.
- AVP, CNK, MTH and SEE are moderately oversold.
- CAKE and LOW are attempting to hold the 28 DMA.
- VOX is a bit toppy here.
- T is possibly forming a top at this level.
- PHI and SU 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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