- Yi: +19.13
- Attempting to bottom out in this area: BA, CNK, DRI, HA, HRB, IR, MAN, NTAP, OLLI, QSR, TILE
- Extremely oversold: DRI, KSS, SHAK
- At the average oversold level: AEO, CAKE, HA, IR, QSR
- Trying to hold rising trend line support: NOW
- Trying to hold falling trend line support: ITW
- Attempting to hold the 65 DMA: STMP
- Up against the 65 DMA: AEM
- Up against the 28 DMA: RGLD
- Moderately overbought: $GOLD, GOLD, IAU. UGLD
- Anything posted on these pages 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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