- EROS, JCP, JDST and M are at the average oversold level.
- MSFT is attempting to hold the 28 DMA.
- NAT is up against the 65 DMA.
- ABX, AEM, ASA, AU, CNK, CORN, $DJGSP, $DJW, EWA, EWI, FEU, FNDF, $FXT, GDX, GG, MAT, NFLX, O, SCHH, UGP, VGK and $XAU
- EFV and MET 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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