- Yi: +21.39
- Trying to bottom out: MAT
- Average oversold: DUST, JACK, $USD, UUP
- Moderately oversold: CANE, LL, SCHH, SHAK, WEAT
- Attempting to hold the 65 DMA: GBTC and SMG
- Attempting to hold the 28 DMA: MOS
- Up against falling trend line resistance: RGLD
- Moderately overbought: AEM, ASA, C, COST, FXF, GDX, $GOLD, GG, JNUG, KO, MS, NUGT, PAG, SBUX, SIL, WYN, YUMC, USB, $XAU
- Average overbought: GPC, IYG, IYJ, LOW, NOW, SCHB, SCHW, UYG, $WTIC, XLY
- Toppy: CTB, FLR, NEM, NFLX
- Going parabolic: SCHD and XLY
- A break out either way is on the way for: PPC
- 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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