- Yi: +9.8
- GG and $PLAT are attempting to bottom out.
- BMY and HMC are moderately oversold.
- FXI is attempting to hold rising trend line support.
- FXF and IJH are attempting to hold the 28 DMA.
- ATI, CENX, DBO, $NYA50R, USL, USO, and $WTIC are up against the 28 DMA.
- UUP is up against the 65 DMA.
- ATI is up against falling trend line resistance.
- CAKE and DPS are up against rising trend line resistance.
- BBRY, BRKS, CAKE, CC, HPQ, IR, MSI and RGLD are moderately overbought.
- PNRA has gone fully parabolic.
- 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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