- Yi: +8.88
- Attempting to hold the 65 DMA here: BMY and NTES
- Up against rising trendline resistance: CSL
- Up against falling trendline resistance: BPOP and LMT
- Oversold: UUP
- Moderately overbought now: $GASO, AAPL, AMSC, EGO, EXP, HPQ, LEN, LOW, MTH, OCR, PBW, PLL, PX, RGLD, SEED, SU, SYY, TSLA, UGA, UGP, URE, V, VZ, WSO, YUII
- Overbought: ABX, ARM, ASA, DM, GDX, HOGS, IRF, LDK, LUFK, OGE, PAYX, PBY, PGM, PTR, QCOM, RJZ, ROK, SCHA, SCHG, SHI, SSRI, T, TOT, TSM, URE, VOD, XOP
- Extremely overbought: PG, QLD, RJA, SLV, SLW, SNA, SSO, USD
- Toppy here: HOGS
- A posssible top here for: OGE
- Going parabolic: $CRB
- 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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