- Yi: + 48.02
- Attempting to bottom out: AEM, AEO, $GASO, GOLD, KLIC, LIN, M, NEM, PPLT, RY, SIL, SLV, SLVO, TSN, TWTR, UGA, VALE, VNO
- Oversold: $PLAT
- Moderately oversold: $CRB, $GOLD, RS, SPXU
- Attempting to hold the 28: UNG
- Trying to hold some rising trend line support: SOYB
- Up against some falling trend line resistance: GPC, MED
- Anything posted may be in error.
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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