- Yi: +2.545
- A possible bottom here for: BAC
- Now trying to bottom out: $BDI-weekly, $GOLD, A, CBK, ELN, KGC, LMT, RGLD
- Oversold: LPL
- Moderately oversold: $PLAT, GIS, GLW, IRF, KBE, MFE, PBY, SKS, SLV, SLW, SSRI, TOT, WDC, WHR, XLU
- Attempting to hold the 65 DMA here: BMY, CAKE, QID
- Attempting to hold the 28 day: AVP, PG, T, VOD
- Up against rising trendline resistance: CAT, NTES, TSM
- Up against the 28 DMA here: FUQI and GE
- Up against some falling trendline resistance today: $SPX, AA, AEM, BA, CNK, CSL, DDM, EGO, ELY, FXI, GDX, GG, GLD, IWM, IYY, JOSB, KFT, LOW, MTH, SDTH, SEED, SSO, SU, SUN, TLB, URE, VFC
- Up against the 65 DMA here: ACH, AMSC, CREE, DVY, EWA, F, GOOG, MBI, OCR, PBW, RBS, WOR
- Moderately overbought: FSLR, GPC, HOGS, NST, PEP, TSL, WY, YUII
- Overbought: MOT
- A break out in either direction is on the way for: DELL
- 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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