- Yi: +19.29
- Trying to bottom out: $NYXBT
- Extremely oversold: JJOFF, LPL, REMX
- Average oversold: CORN, DBA, JJGTF, PTEN, RSX, SOYB
- Moderately oversold: AMAT, CANE, CEF, CHT, $CRB, CWI, FCX, IAU, MS, MTH
- Trying to hold rising trend line support: $DJW and SCHK
- Trying to hold falling trend line support: GLD and NVS
- Attempting to hold the 28 DMA here: EBAY and MSFT
- Up against the 28 DMA: LBCC
- Moderately overbought: CNK, DPS, DRI, JACK
- Average overbought: NTAP
- Extremely overbought: MED
- Getting a bit toppy here: FB and PEG
- Possible top here for: DNKN and STMP
- Going parabolic at this point: NFLX
- A break out in either direction is on the way for: ANF GBTC, GT
- 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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