- AEM, ASA, DBP, GG, IAU, NEM, O and SHLD are attempting to bottom out at this level.
- ABX, $DJGSP, GDX, IAU, SHLD and UGLD are extremely oversold.
- $SILVER is at the average oversold level.
- WY and XON are moderately oversold.
- BA, GLW and LEN are attempting to hold rising trend line support.
- LEN, SEE and SPWR are attempting to hold the 28 DMA.
- UUP and Z are moderately overbought.
- JDST are at the average overbought level.
- DB is a bit toppy here.
- GOOG, INTC and $NDX are possibly forming a top at this level.
- 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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