- Yi: +11.2
- ASA, AU, AXP, $DJGSP and P are possibly forming a bottom.
- AGQ, DIS, GDX, JNUG, NEM, NUGT and SIVR are trying to bottom out.
- FL is extremely oversold.
- AEM, CEF, CTB, DBP, GLDI, IAU, INTC and RS are moderately oversold.
- ATI and HA are attempting to hold rising trend line support.
- FXF is attempting to hold the 28 DMA.
- DPS, GBTC and PETX are moderately overbought.
- KO and MCD are getting toppy.
- AFL is possibly forming a bottom.
- JACK, NOK and QCLN are setting up to break out either up or down.
- 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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