- Yi: -1.5
- Trying to break above the 28 DMA here: $DJX, $OEX, $PLAT, AA, AAPL, ACH, AXP, CLF, CSL, DDM, ERIC, ERIE, EWA, EWI, EWJ, FRO, GLW, IBM, IYY, JASO, LEN, LUFK, MFE, MKC, MMC, MSCC, NOK, PAYX, PBY, PEP, PHI, PLL, PTEN, SPWRA, SU, VFC
- Trying to break above the 65 DMA: $GOLD, ACF, EGO, GDX, GTU, NEM, SHI
- Moderately overbought now: GLD, GPC, PBCT, RGLD
- 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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