- Yi: -3.3
- A possible bottom here for: DYN and DUST
- Oversold: RAIL
- Moderately oversold: AAPL and JPM
- Attempting to hold the 65 DMA here: $SILVER, BMY, CAT, EBAY, PHI
- Attempting to hold the 28 day: $DJW, $XOI, CLF, CVS, CVY, DIS, EWI, F, FXI, GE, GLW, GT, PG, STX, SYMC
- Up against the 65 day: $USD and HD
- Moderately overbought: CNK, CTB, M, MKC, SHAK
- Standard overbought: BGS and MSI
- Toppy here: GDX
- A possible top here for: $XAU, ABX, ANF, AU, IDJ
- A break out in either direction is on the way for: $CRB, $GOLD, DBC
- 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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