YI: +3.5
The XAU hourly is trying to bottom out.
Moderately oversold: AA, BBBY, CAT, CY, ENER, FCX, GG, PCU, RDC, SUN, SWC, TIE, and the XAU index.
Trying to hold some rising trend line support: EWU, HMY, KGC, WOR, and the YI.
Trying to hold falling trend line support: AEM and NEM
Attempting to hold the 28 DMA here: AAUK, ACAS, DO, JWN, NLY, USU, and XMSR
Trying to break above some falling trend line resistance: GFI
Attempting to break above the 28 DMA here: ENR and RADN
Moderately overbought now: Q
Toppy here: HMC
Anything posted here could be like a lump of coal in your stocking of course!
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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