- Yi: +14.7
- Attempting to bottom out: ABX, CAFE, GDX, HA, KR
- Oversold: JCP, JNUG, PEP
- Moderately oversold: ASA, CMG, $GASO, $GOLD, JWN
- Trying to hold rising trend line support: $GASO
- Attempting to hold the 65 DMA: $CRB
- Up against the 65 DMA: BGS and CLF
- Up against falling trend line resistance: ALL, GILD, RGR, SNAP
- Moderately overbought: BMY, BRKS, $FTSE, IP, RS
- Overbought: ATI, BBRY, BWA, C, DNB, GPC, IJR, IYJ, INTC, JPM, MANT, SCHB
- Toppy: CTB and PAG
- A break out is on the way either way for: DBA, FL, Q
- 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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