- Yi: +18.9
- Trying to bottom out: DRI, EQIX, FLO, GDX, IDA, NUGT, $PLAT, PPLT
- Extremely oversold: CPB
- Average oversold: CNK
- Moderately oversold: BIDU, COWTF, $DJGSP, GS, $NYXBT, TSLA
- Trying to hold rising trend line support: AEM
- Attempting to hold the 65 DMA here: RRGB
- Attempting to hold the 28 DMA here: C
- Up against the 65 DMA: BBGI and GILD
- Up against falling trend line resistance: AET and AMP
- Up against rising trend line resistance: QCOM
- Moderately overbought: CENX, DE, EROS, PYPL
- Average overbought: DNKN
- Toppy here: CSX, DLPH, $USD, UUP, WOR
- A break out either upwards or downwards is on the way for: HRB and $XAU
- 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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