- Yi: +12.8
- NAT is trying to hold rising trend line support.
- HRB is attempting to hold the 28 DMA.
- Z is up against the 28 DMA.
- RYE, SHLD and $SILVER are up against falling trend line resistance.
- CENX, $COPPER, CVY, FCX, GFI, KLIC, $NYA50R, POT and VOT are moderately overbought.
- TWTR is now at the average overbought level.
- COPX and XLB are toppy here.
- A, BWA and CC are possibly forming a top in this area.
- DRI, IRBT, MAT, PTEN, VFC, YUM and YUMC are setting up to break out either on the upside or downside.
- 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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