- Yi: + 58.25
- Attempting to bottom out: GDX, JNUG, RGLD, $XAU
- Oversold: GFI, GIS
- Moderately oversold: $CRB, HSY, VALE
- Attempting to hold the 28: BIDU, COPX
- Attempting to hold the 65: OMC, ORCL
- Up against the 65: BA, BAC, CBRL
- Up against the 28: $USD
- Up against rising trend line resistance: GT, LIN
- Moderately overbought: CMG, NYCB
- Overbought: WY
- Toppy: $HGX
- ABEWISUF: MSFT, TAP, TSM
- 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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