- Yi: +23.74
- Trying to bottom out: UNG
- Average oversold: BGS and $UST3M
- Moderately oversold: ALEX and TWTR
- Attempting to hold the 65 DMA: LEN
- Attempting to hold the 28 DMA: CANE, SNA, XRT
- Up against the 65 DMA: $GASO, IYE, LL
- Up against the 28 DMA: OILU and PM
- Up against falling trend line resistance: JNJ
- Moderately overbought: BABA, DRI, EYE, FLR, MDR
- Average overbought: GBTC
- Extremely overbought: AEM and GOLD
- Toppy: FLO, NSAQ, PEGI, $XAU
- Going parabolic: GLD, IAU, NUGT, UGLD
- A break out either way is on the way for: BA, BRKS, HMC, LYFT, PPC, SHAK, TGS, USB
- 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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