- Yi: +3
- Moderately oversold now: QID
- Up against rising trendline resistance: COST
- Up against the 28 DMA here: CAT, DDM, GE, JCP
- Up against falling trendline resistance: BPOP, CHK, FRO, NST, SLE, USD, V
- Up aginst the 65 day: SHLD
- Moderately overbought: FSLR, FXI, GF, IDA, IYY, KO, LDK, LOW, LUFK, PLL, ROK, SNA, SSRI, SWK, T, TAN, TKR, TSLA
- Standard overbought: FCX, MBI, TSL, URE
- Toppy here: GLD and TSL
- 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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