- Yi: +3.7
- A possible bottom here for: EWI and FSLR
- Now trying to bottom out in this general area: LDK, LPL, MOT, PTEN, RGLD, SEED
- Moderately oversold: FRO, MSCC, PBW
- Trying to hold some rising trendline support: $GASO and COGO
- Attempting to hold the 65 DMA here: $HGX, $PLAT, DVY, MFE, OGE
- Trying to hold falling trendline support: $VIX
- Attempting to hold the 28 DMA here: ACF and PAYX
- Now up against some rising trendline resistance: WHR
- Attempting to break above the 28 DMA here: AVP
- Trying to break above some falling trendline resistance: $XAU, ASA, AXP, B, BPOP, EGO, F, FCX, GDX, JASO, SCHG, SHI, SLW, SPWRA, SSRI, WFR
- Attempting to break above the 65 DMA here: $GOLD, $SPX, AEM, FUQI, PHI
- Moderately overbought now: ARM, BAC, BPZ, LMT, LOW, NEM, NTES, OCR, SWK, VFC
- Overbought: ACAS and CNK
- Extremely overbought: CLF
- Toppy here: ACAS
- A break out in either direction is on the way for: C, SHLD, WFC
- 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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