- Yi: +18.5
- Trying to bottom out: CPB
- Moderately oversold: AA, AVAV, $GOLD, IAU, IFN
- Trying to hold rising trend line support: JNUG
- Attempting to hold the 65 DMA here: AHH
- Attempting to hold the 28 DMA: AEM and GEF
- Up against falling trend line resistance: CENX and JWN
- Moderately overbought: BAC, CREE, FAT
- Average oversold: LEN
- Toppy here: BBY
- 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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