- Yi: +6.0
- Tying to bottom out: DF and SBUX
- At the average oversold level: CREE
- Moderately oversold: AGQ, AU, JJN
- Trying to hold rising trend line support: ABX and $DJW
- Attempting to hold the 65 DMA here: FB
- Attempting to hold the 28 DMA here: $XAU
- Up against falling trend line resistance: C and CHK
- Moderately overbought: BA and $CRB
- At the average overbought level: AAPL
- Toppy here: ANF, BWA, CIEN, CVGRX, CSCO
- A possible top may be forming here for: AVP and $FXT
- A break out in either direction is on the way for: $SILVER
- 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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