- Yi: +3.5
- Now trying to bottom out: RJA
- Attempting to hold the 65 day: LMT
- Attempting to break above the 28 day: $CRB, $GOLD, $HGX, $OEX, $PLAT, $SOX, $SPX, $XAU, ABX, AEM, AMAT, ASA, CSIQ, GLD, GTU, LOW, NM, PGM, WFC, XLF
- Attempting to break above the 65 day: NEM
- Moderately overbought now: AAPL, BMY, EGO, FXI, GDX, GFI, GG, GLW, HCBK, IDA, KGC, LEN, MTH, OGE
- Standard overbought: CBK, DELL, GIS
- Toppy here: NTES
- A break out in either direction is on the way for: CREE and F
- 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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