- Yi: +2.85
- A possible bottom here for: $VIX
- Trying to hold some rising trendline support: AAPL
- Trying to hold falling trendline support: $USD
- Up against the 28 DMA here: $DJW, B, FUQI
- Up against some falling trendline resistance: $GASO, $SPX, AVP, DM
- Up against the 65 day: $CRB, $DJX, $NYA50R, ACF, AMSC, ARM, CAKE, COGO, CREE, CSCO, CSIQ, DDM, EWA, F
- Moderately overbought now: $IIX, $OEX, $XOI, ACF, BAC, C, CREE, CSCO, CSIQ, CTB, DDM, DELL, F
- Toppy here: AXP and EWI
- 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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