- Yi: +11.25
- UNG is trying to bottom out.
- CANE and SGG are extremely oversold.
- $UST30Y is oversold.
- $WTIC is moderately oversold.
- PAG is trying to hold falling trend line support.
- NCR is up against the 28 DMA.
- APD, $GOLD, PHI, ROK, S, TGS, WHR and WSO are moderately overbought.
- B. BA, MSFT, Q and SBUX are overbought.
- NOW is extremely overbought.
- AMAT, DNKN, FXI, HRB, IYJ and WYN are getting toppy at this level.
- A and $FTSE are possibly forming a top.
- ASA, $DJGSP, HPQ, IBM and $XAU are setting up to break out either up or down.
- Anything posted 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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