- Yi: + 50.83
- Attempting to bottom out: APD, $COPPER, FCX, RGR
- Moderately oversold: ASA, COPX, GBTC, GDX, GOLD, INTC, JNUG, MARA, NEM, SIL, $SILVER, SIVR, $XAU
- Trying to hold some rising trend line support: EWA, HPQ, INTC, $PLAT, WHR
- Trying to hold some falling trend line support: CAKE, FLR, SPWR
- Attempting to hold the 28: GFI
- Attempting to hold the 65: EBAY, RGLD, $UST3M, YETI
- Up against the 28: UNG
- Up against some falling trend line resistance: MED, PPC, UNG
- Moderately overbought: AVAV, NFLX
- Toppy: QLD, QQQ
- A breakout either way is setting up for: IYJ, MTH, TAP
- 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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