- Yi: +5.25
- DB and WFC are possibly forming a bottom in this area.
- F and GFI are trying to bottom out.
- DBA is moderately oversold.
- CEF is trying to hold rising trend line support.
- CLF, GM and UNG are attempting to hold the 28 day.
- DUST is up against falling trend line resistance.
- DF is up against the 28 day.
- CIEN is moderately overbought.
- HPQ and TWTR are a bit toppy here.
- Anything posted here may be off base, depending on market conditions.
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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