- Yi: +32.6
- Moderately oversold: UNG, $VIX
- Attempting to hold the 28 DMA: $GASO, QRTEA
- Attempting to hold the 65 DMA: M
- Up against the 65 DMA: CRUS
- Up against rising trend line resistance: CMG, SMH
- Moderately overbought: EWI, KOLD, NEM, NSC, PFE, RGLD, Z
- Overbought: GOLD, GOOG, TXN
- Extremely overbought: $XAU
- Toppy: AU, BBL, GFI
- Break out either way: AHH, CTB, GT, PEP
- 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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