- Yi: +18.44
- Moderately oversold: RGLD, $UST30Y, UUP
- Trying to hold rising trend line support: MSI and QVCA
- Attempting to hold the 28 DMA: AVP, GOOG, MED, PAYX
- Up against the 28 DMA: EQIX, TSM, WEAT
- Up against the 65 DMA: IBM
- Up against falling trend line resistance: CC
- Up against rising trend line resistance: MDLOX, NCR, PEP
- Moderately overbought: APD, CEF, FAST, NOW, POT, RRGB, ROK, SLV, SU, USL, USO, WYN, XLB
- Average overbought: AA, EFV, SMG
- Extremely overbought: CENX
- Toppy: BBL, $COPPER, COPX, $DJW, EWA, FCX
- A break out up or down is on the way for: AGX, BABA, CW, CSL, INTC, KO, MAN, MDC, MMM, MS, MSFT, SYY, TKR, UIS
- 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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