- Yi: +17.45
- A possible bottom here for: ABX
- Trying to bottom out at this level: AEM, AU, $DJGSP, $XAU
- Extremely oversold: PETX
- At the average oversold level: BBGI, BGS, BWA, $DJGSP, MDC, NUGT, PG, RGR, $XAU
- Moderately oversold: A, AA, BBBY, CAL, CBRL, CL, COW, DIS, GDX, GG, KMB, KO, LEN, LOW, MAN, $NYA50R, PPLT, RGLD, SIL, SLV
- Trying to hold rising trend line support: CEF, DIS, PHI
- Trying to hold falling trend line support: MTH
- Attempting to hold the 65 DMA: COPX, $CRB, DBO, GLD, MOS, QLD
- Attempting to hold the 28 DMA: CALM and NUS
- Up against the 28 DMA: QID
- Up against the 65 DMA: AET
- Up against falling trend line resistance: SHAK
- Moderately overbought: DUST, PFF, $USD
- 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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