- Yi: +23.57
- Attempting to bottom out: BKS, CALM, GDX, $GOLD, IAU, JNUG, HRL, MAT, NUGT, NUS, RGLD, SIL, STMP, UGLD
- Average oversold: JWN
- Moderately oversold: ATI, AU, CPRI, DBP, GOLD, GFI, JJNTF, WOOD, $XAU
- Attempting to hold the 28 DMA: FCX
- Up against fallomg trend line resistance: NOW
- Up against rising trend line resistance: GDDY, $WTIC, XLY
- Moderately overbought: CIEN, CSIQ, KO, SNA, VNO
- Average overbought: CSL, GOOG, LMT, NSC, QLD, TWTR, VOX, XLK
- Extremely overbought: QCOM
- A break out either way is on the way for: AIG, BA, BABA, BAC, COF, DAL, IP, MAGA, MU, SYMC
- 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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