Late day update for December 26, 2012.

1. Yi: +8.3
2. Now trying to bottom out: $GOLD, $PLAT, $SILVER, $XAU, EGO, FAZ
3. Oversold: $BDI and $SILVER
4. Moderately oversold: CAKE
5. Attempting to hold the 65 DMA here: $GOLD-weekly, $WTIC, AUQ, ELY
6. Attempting to hold the 28 day: CTB
7. Trying to hold some rising trendline support: CAT and FB
8. Moderately overbought: $DJW-weekly and $NYA50R
9. Overbought: EWI
10. Anything posted may be off base.

Update

The market $OEX and $SPX is trying to hold some rising trendline support here.

Late day update for December 21, 2012.

1. Yi: +7.8, +7.8, +7.5, +7.4, +7.5, +7.7, +7.9, +7.9, +8.6, +8.7, +8.2, +7.9, +8.8, +9.5, +9, +9.3, +8.8
2. Oversold: $BDI and AGQ
3. Moderately oversold: $DJGSP, $GOLD, $SILVER, $USD, $XAU, AAPL, ABX, AEM
4. Up against the 65 DMA here: B
5. Moderaly overbought: $HGX, $IIX, $NYA50R, $PLAT, $SPX, $XOI, A, AAUKY, ACAS, AMAT, ATI, BA
6. Overbought: AKAM and ARMH
7. A possible top here for: $DJW
8. A break out in either direction is on the way for: $CRB
9. Anything posted here may be off base.

The market getting overdue for a correction again.

The $OEX index is now up against the 65 day moving average here, so the market is moderately overbought and may be due for another correction fairly soon.