- Yi: + 49.03
- Attempting to bottom out: MED, PG, TUP, UNG
- Moderately oversold: PPC
- Trying to hold some rising trend line support: AA, GFI, KR, PFE, RGLD
- Attempting to bottom out: ADM
- Attempting to hold the 28: DBO, GLW, IYE, JNUG, OIL, PHI, SIL, $WTIC, XOM
- Attempting to hold the 65: AEM, BIDU, CAT, $COPPER, COPX, DM, FCX, FXI, $GASO, RGLD
- Toppy: $UST3M
- ABEWISUF: BITO, GILD, YETI
- 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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