- Yi: + 38.2
- Attempting to bottom out: BGS, D, $COTTON
- Extremely oversold: BGS, D
- Oversold: AVAS, CRUS, PEG, PPG
- Moderately oversold: CALM, DBO
- Trying to hold rising trend line support: GM
- Attempting to hold the 28: AEM, AMP, FCX, GOLD, RGLD
- Toppy: IYE, LPI, SU, UGA, XLE, $XOI
- ABEWISUF: PBI
- 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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