- YI: +4.5
- A possible bottom may be forming here for: XMSR
- Trying to bottom out here: CTCI, EXP, and GRZ
- Standard oversold: NG
- Moderately oversold: GNSS, HMY, KGC, KMX, and SLV
- Trying to hold some rising trend line support: Gold, EWA, EWQ, JWN, and TCK
- Trying to hold falling trend line support: AEM, AMAT, ASA, ENER, EWJ, and IDA
- Attempting to hold the 28 DMA here: BHP, CMC, CUP, FCX, TKR, and WOR
- Trying to break above some falling trend line resistance: BPOP, MFE, SCHW, and TSM
- Attempting to break above the 28 DMA here: OCR
- Now up against some rising trend line resistance: ADP, DELL, the E-Mini 500, MSCC, and WB
- Moderately overbought now: ALD, C, and IFN
- Extremely overbought: GGB and PDA
- Toppy here: TTH
- To no position for now: GR
- Anything here 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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