- Yi: +22.76
- Trying to bottom out at this level: AGF, CEF, COPX, CWI, FSLR, FXI, GFI, GG, GM, JJNTF, NEM, NUGT, REMX, RGLD, SIL, SIVR, TUP, $XAU
- At the average oversold level: HMC, RAIL, YUMC
- Moderately oversold: CREE, CRUS, IFN, LPL, MAN, MCHP, SU, TAP, TXN, WOR
- Trying to hold rising trend line support: KR, MBI, $NYXBT, SMH
- Attempting to hold the 28 DMA: BBGI, BBY, IJR, IQV
- Up against the 65 DMA: SMG
- Up against the 28 DMA: LL and SPWR
- Up against falling trend line resistance: MOS
- Up against rising trend line resistance: AXP, GDDY, $UST30Y
- Moderately overbought: KO and MMC
- Getting toppy: LOW, QCOM, SFIX
- A break out either way is on the way for: B, CMI, FL, HPQ, NCR, SCHH
- Anything posted on these pages 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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