- Yi: +8.3
- Trying to bottom out: $USD and JDST
- Attempting to hold the 65 DMA here: $WTIC and CAT
- Attempting to hold the 28 day: AUUKY and ARMH
- Up against the 65 day: GM, IDA, NOK
- Up against the 28 day: COST and EWA
- Overbought: NFLX
- Moderately overbought: $GOLD, $HGX, $NDX, $NYA50R, AAPL, EWJ, MMC, MOS, NCR
- Toppy here: $DJW and $SPX
- A break out in either direction is on the way for: HPQ
- 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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