- ATI, CMG, CSL, DUST, JDST and SHAK are trying to bottom out in this area.
- DB and RAIL are attempting to hold rising trend line support.
- BA, JPM and PAYX are attempting to hold the 65 DMA.
- AIG, AXP, AXP, CSIQ, CTB, PTEN, $SPX and UUP are attempting to hold the 28 DMA.
- NEM, PMPIX, SLW and TKR are up against falling trend line resistance.
- DBP is up against the 65 day.
- $GOLD and IAU are up against the 28 day.
- AEM, $CRB and UGP are moderately overbought.
- $GASO and USB are possibly forming a top in this area.
- AVAV, $COPPER, COPX, CORN, DYN and NOK are setting up to break out either up or down.
- 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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