- Yi: +75.26
- Moderately oversold: PHG, UUP, YUM
- Attempting to bottom out: HRB
- Attempting to hold the 28 DMA: GS, PAG
- Attempting to hold the 65 DMA: D
- Up against the 65 DMA: BITW, NTR
- Up against the 28 DMA: CG, $DOGEUSD, $HGX, MTH
- Up against some falling trend line resistance: DBI, SIL
- Up against rising trend line resistance: AMAT, KR
- Moderately overbought: $COPPER, DWAC, GT, NEM
- Overbought: COPX, TD, TSM
- Extremely overbought: RY
- Toppy: CVY, IYE, NYCB, PRU, SU, TTM, UGA, $XOI
- 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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