- Yi: +17.62
- Possible bottom for: JNUG
- Attempting to bottom out: ASA, COW, $DJGSP, DYN, $FXT, GFI, I, JO, NIB, NUGT
- Extremely oversold: AGX, NAT, S
- Average oversold: $SILVER, SIVR, SLV, SIL, UGLD
- Moderately oversold: BHP, CAFE, CEF, $CRB, FXF, $GOLD, IAU
- Trying to hold rising trend line support: ALL, KMB, PG
- Up against the 28 DMA: SHLD
- Up against falling trend line resistance: AMAT, CAR, CENX, ROK
- Up against rising trend line resistance: CVGRX
- Moderately overbought: DAL, FCX, FSLR, MED
- Average overbought: BA, GEF, KOLD
- Extremely overbought: $NYXBT
- Toppy: DUST and HSY
- A break out in either direction is on the way for: AIG, MRVL, NCR
- 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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