- Yi: +18.63
- Trying to bottom out: AA, BNS, CANE, CTB, CVS, GT, HPQ, KR, M, MAT, NOV
- Moderately oversold: ATI and BGS
- Trying to hold rising trend line support: AVP
- Attempting to hold the 65 DMA: BA, HD, $PLAT, PPLT
- Attempting to hold the 28 DMA: CHK, $DJW, FL
- Up against the 28 DMA: GDX and NUGT
- Anything posted 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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