- Yi: +17.16
- Trying to bottom out: AEM, CC, COPX, CRUX, GDX, GE, HAS, IRBT, MTSI
- Extremely oversold: I
- Average oversold: $DJGSP, EROS, GG, NUGT
- Moderately oversold: AU, BB, CLF, $CRB, FAT, $FXT, $GASO, GFI, GM, MAT, MDC
- Attempting to hold the 28 DMA: BWA, $DJW, LPL, NTES
- Moderately overbought: AVAV, DPS, DUST
- Possible top here for: CLX
- 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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