- Yi: +22.27
- Trying to bottom out: SFTBY
- Average oversold: AMTD
- Moderately oversold: AEM, AU, GDX, $PLAT, RGLD, SCHW, SIL, SILV, UGLD, $WTIC, $XAU
- Attempting to hold the 65 DMA: GLD
- Attempting to hold the 28 DMA: B, $CRB, CWI, NTAP, UGA
- Up against the 65 DMA: CTB and JJGTF
- Up against the 28 DMA: WOR
- Up against rising trend line resistance: AAPL
- Moderately overbought: CAKE, DBA, FL, GT
- Getting toppy: PG, RY, UUP, WHR
- A break out either way is setting up for: QRTEA, SYMC, WEN
- 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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