- Yi: +5.25
- Now trying to bottom out: $BDI-weekly.
- Moderately oversold: AVP
- Trying to hold some risising trendline support: BGS, BMY, BPZ, IDA, KFT, KO, NST, OGE, PEG, VFC
- Attempting to hold the 65 DMA here: PG and TKR
- Attempting to hold the 28 day: DDM
- Now trying to hold falling trendline support: QID
- Up against rising trendline resistance: $DJW, $SPX, AA, CLF, GLW, GOOG, IYY, MSCC, PBW, QLD, QQQQ, TOT, WDC
- Attempting to break above the 28 DMA here: FUQI, PGM, SLW
- Now trying to break above some falling trendline resistance: ENER, FSLR, GF, GMR, KBE, LMT, SDTH, SPWRA, SSRI, SU, WATG
- Attempting to break above the 65 day: EWI, FXI, GDX, NOK, SLV
- Moderately overbought now: IFN, MEOH, PHI, QCOM
- Overbought: TSM
- Toppy here: A and IRF
- A possible top here for: $GASO
- 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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