- Yi: + 74.14
- Attempting to bottom out: APD, BA, BGS, BIDU, CNK, COPX, $NYA50R, NYCB, $PLAT, PPLT, VFC, WBD, WOLF, $XAU
- Oversold: $XOI
- Moderately oversold: AEM, CAT, $GOLD, M, PFE, RGLD, SDY, SIL, VYX, WY
- Trying to hold some rising trend line support: GBTC, RGR
- Attempting to hold the 28: GBTC, YYY
- Attempting to hold the 65: UNG
- Up against the 28: GT
- Moderately overbought: CMG, 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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