- YI: +1
- Standard oversold at this point: CSL
- Moderately oversold now: ABX and PG
- Trying to hold some rising trend line support: AVP, BPOP, CY, GPC, and IWM
- Attempting to hold the 28 DMA here: AEM, ASA, EXP, MER, and RGLD
- Trying to break above some falling trend line resistance: PTR
- Attempting to break above the 28 DMA here: GM and TSU
- Up against rising trend line resistance: GGB
- Moderately overbought now: NLY
- Extremely overbought: FCX
- Possible top here for: BHP, FRO, and the XCI index.
- Toppy here: ALEX, EWI, GF, NAT, PDS, RIO, TOT, and V
- Anything posted 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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