Market overbought here.

The market is now "officially" overbought here once again, and due for some type of correction. YZ

Late day update for January 17, 2013.

1. Yi: +7.7, +7, +8.3, +9.6, +9.4, +9.9, +9, +9.4, +9.5, +10, +10, +9.9. +10, +10
2. Now trying to bottom out: $GOLD, AGQ, AAPL
3. Oversold: $VIX
4. Moderately oversold: PEG and VZ
5. Trying to hold some rising trendline support here: FXI
6. Attempting to hold the 65 DMA: CLF, MMC, UGA
7. Attempting to hold the 28 day: AA, EGPT, FCX, NFLX, VOX, WSO, X
8. Up against the 28 day: $SILVER, AGQ, CORN, DGP
9. Up against the 65 day: RJA
10. Moderately overbought: PHI
11. Overbought: $NYA50R-weekly, $PLAT, WDC
12. Extremely overbought: $NYA50R
13. Toppy here: $DJW, $DJX, IIX, $SPX, BGS, DDM, EEFT, EFV, EWI, WDC
14. A possible top here for: ACAS
15. A break out in either direction is on the way for: ABX and MED
16. Anything posted here may be off base.