- Yi: +9.1
- Trying to bottom out: SUN
- Oversold: QID and UUP
- Moderately oversold: SUN, TLB, TSL, USB
- Trying to hold falling trend line support: KBE
- Up against rising trend line resistance: $DJX, ABX, OCR, PTEN
- Up against the 28 DMA here: EWJ, MED, MMI, X, XOP
- Up against some falling trend line resistance: $HGX, AMAT, BGS, BPZ, IRF, LEN, MED, MSFT, NCR, SEE, YGE
- Up against the 65 DMA here: ACH, AEM, C, EEFT, F
- Moderately overbought: AAPL, AKAM, ATI, AVP, AXP, B, BA, BLL, CTB, DDM, DVY, GDX, GF, IYY, NFLX, OCR, QLD, RJZ, SCHB, SCHC, SCHE, SNDK, SWK, V
- Overbought: GIS, PTEN, SLE, VFC, WDC, WSO
- Extremely overought: SLV
- A possible top here for: AGQ, DGP, STX
- Going parabolic: SLV
- A break out in either direction is on the way for: CNK and SLW
- 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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