- Yi: +5.6
- Now trying to hold some rising trendline support: AMAT, COGO, DELL, EXP, STX, TSM, USD, WHR, XLU
- Attempting to hold the 65 DMA here: PAYX
- Attempting to hold the 28 day: BMY
- Now up against rising trendline resistance: BGS, CLF, CTB, DDM, IFN, SU, TAN, TSL, X
- Trying to break above some falling trendline resistance: $BDI, ACAS, AXP, C, PBY, SHI
- Attempting to break above the 65 DMA here: FUQI, RBS, RGLD, SPWRA, WFC
- Moderately overbought now: $DJW, $HGX, BA, BAC, BBT, ENER, FXI, GDX, GF, JOSB, NM, PHI, PTR, RJA, ROK, SLV, SLW, UYG, WFR, XLF
- Overbought: ACH, KFT, RJZ, WOR, XOP, YGE, WDC
- Toppy here: $SPX, CHK, EGO, EWA, FRO, RJI
- A possible top here for: CSIQ
- A probable top here for: AAPL
- 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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