- Yi: +7.2
- A possible bottom here for: ZNGA
- Average oversold: DM, GM, HPQ
- Moderately oversold: AXP, CHK, EWI, EWJ, JPM, SHLD, X
- Trying to hold some rising trendline support: GF, IFN, MOS
- Attempting to hold the 65 DMA here: CHK, IYY, NCR, SCHB, SCHX, VBR, XLB
- Attempting to hold the 28 day: AAPL, ACAS, CNK, CSL, PAYX, SCHH, V, VOX, VZ, XLP
- Trying to hold falling trendline support: F
- Up against the 65 DMA here: DBO, ANF, SWK
- Moderately overbought: $WTIC, GOOG, GPC, IP, SNDK, VFC
- Extremely overbought: ONXX
- Toppy here: $NYA50R, DBA, IP, PEG, UGA, USB, WOR, XLU
- A possible top here for: $CRB, PFF, RJA
- A probable top here for: PFF
- A break out in either direction is on the way for: $GOLD, $SILVER, IAU
- 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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