- Yi: +20.65
- Attempting to bottom out: AGX, BGG, BNS, BWA, CC, $COPPER, CWI, FEU, FLR, IP, IYJ, LOW, PSTL, TPR, X, $XOI
- Extremely oversold: JCP and RAIL
- Average oversold: CAKE, MBI, MMM, OILU, $UST30Y
- Moderately oversold: GE, KLIC, MOS, NCR, NS, PNC
- Trying to hold rising trend line support: GILD
- Trying to hold falling trend line support: EFV and HAS
- Attempting to hold the 65 DMA: IBM and NVS
- Attempting to hold the 28 DMA: FIZZ, QRTEA, SIRI, SNAP, $USD
- Up against falling trend line resistance: EGPT and $NYXBT
- Up against rising trend line resistance: GDX
- Moderately overbought: FXF and GFI
- Average overbought: AEM, AU, GLD, IAU, NUGT, UGLD, $XAU
- A break out either way in the fullness of time: ANF and PFF
- 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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