- Yi: +7.75
- A possible bottom here for: CSIQ
- Trying to bottom out in this area: ACH and GOOG
- Oversold: EEFT, EWI, SPWRA
- Moderately oversold now: AA, ACH, COST, SEED, TOT
- Now trying to hold some rising trendline support: $HGX, $WTIC, ACAS, AVP, AXP, BA, CHK, DELL, ELY, EXP, JOSB, MMC, NTES, PBW, PG, ROK, USD
- Attempting to hold the 65 DMA here: $CRB, AVAV, COGO, KFT, SDTH, SHI, TSM
- Attempting to hold the 28 day: $DJX, $OEX, ACF, CNK, PGM, PRBLX, QQQQ, T
- Trying to hold falling trendline support: BPZ
- Up against rising trendline resistance: $GOLD and SSRI
- Moderately overbought now: $USD, ABX, GG, GLD, KGC, RGLD
- Overbought: SLW
- A break out in either direction is on the way for: WOR
- 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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