- Yi: +11.1
- UNG is trying to bottom out.
- $CRB and $GASO are extremely oversold.
- CSL is oversold.
- BRKS, DBA, GFI, LL and STX are moderately oversold.
- AEM and JNUG are trying to hold rising trend line support.
- SBUX is trying to hold the 65 DMA.
- BBRY, GBTC, GDDY, MGA, NTES, PYPL and SHAK are trying to hold the 28 DMA.
- $DJW is up against the 28 DMA.
- DPS and LOW are up against the 65 DMA.
- BMY is up against falling trend line resistance.
- TSN is toppy here.
- PEG, TGS, SHLD and YUMC are setting up to break out 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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