- Yi: +1.7
- Standard oversold: IP, IWM, UYG
- Now moderately oversold: $PLAT, $XOI, CHK, MTH, NWL, PGM, RAIL, SNA, TIE, TOT, V, VFC
- Trying to hold some rising trendline support here: $CRB, $GOLD, $PLAT, $XAU, ACH, C, GG, JASO, PG, PTEN, RGLD, RJI, SDTH, SU, TOT
- Attempting to hold the 65 day moving average: $DJW, RJI, WOR
- Attempting to hold the 28 day: CNK, MBI, T
- Trying to hold falling trendline support at this point: BBT, LMT, MSFT
- Up against falling trendline resistance: $BDI-weekly
- Moderately overbought now: $IIX
- A break out in either direction is on the way for: CSIQ, EEFT, PBY
- 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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