- Yi: + 79.42
- Attempting to bottom out: INTC
- Extremely oversold: MED, WBD
- Oversold: BEN, CSCO
- Moderately oversold: BITQ, BITW, CNK, $CRB, F, GFI, $GOLD, RIOT, SIVR, WGMI, $XOI
- Trying to hold some rising trend line support: AEM, BITQ, COPX, GDX, MKC, RGLD
- Trying to hold some falling trend line support: CSX
- Attempting to hold the 28: C, GDX, JNUG, MKC, RGLD
- Attempting to hold the 65: BAC, GIS, MKC, OMC
- Up against the 65: SEE
- Up against some falling trend line resistance: MET
- ABEWISUF: BGS, $UST30Y
- 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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