- Yi: +2.15
- Trying to bottom out: $GASO and EGPT
- Oversold: EGPT
- Moderately oversold: AUQ, QLD, RJZ
- Trying to hold some rising trendline resistance here: EGO and FAZ
- Attempting to hold the 65 DMA here: $DJGSP, $XAU, AGQ, ASA, FAZ, GG, PGM, SLV
- Attempting to hold the 28 day: AEM and SLW
- Up against the 28 day: DZZ and GF
- Up against some falling trendline resistance: ARMH, CLF, CREE, EWA, EWI, EXP, F, GF, GLW, IFN, PEP, PTEN, QCLN, ROK, SCHE, SKS, WFC, WOR, XLF
- Up against the 65 DMA here: AVAV, DELL, GOOG, PBY, SKS, TLB, WFR
- Moderately overbought now: ARMH, AXP, IP, MBI, MSFT, NCR, QLD
- Overbought: V and VFC
- Toppy here: SNDK
- A break out in either direction is on the way for: BGS
- Anything posted here may be off base, and there may be some more signals before the close.
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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