- Yi: +4.6
- Trying to bottom out in this area: AVP, FXI, PTR
- Oversold now: ACAS
- Moderately oversold: IFN
- Trying to hold some rising trendline support: CAT and KO
- Attempting to hold the 65 DMA here: $GOLD and EWJ
- Attempting to hold the 28 day: TLB
- Now up against rising trendline resistance: AA, BMY, CREE, IYY, JASO, NST, PBW, SSO, STX, SWK, TAN, TSL, USD, YGE
- Attempting to break above the 28 DMA here: SUN and WFC
- Attempting to break above the 65 day: AVAV, CAT, MOT, UYG, WOR
- Trying to break above falling trendline resistance: $OEX, A, AAPL, AXP, CLF, CSCO, EEFT, ENER, GG, NWL, SDTH, TKR, VFC, VOD, WFR, WSO, XLF
- Overbought now: LPL, PLL, SHLD, USD, WHR
- Toppy here: CAKE, FRO, STX, X, XOP
- A possible top here for: $USD
- 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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