- Yi: +17.43
- Attempting to bottom out at this level: BBL, CANE, CLF, COPX, CORN, DBA, FLR, $NYXBT, REMX
- Moderately oversold: BMY
- Trying to hold falling trend line support: CHK
- Attempting to hold the 65 DMA: GLD and IAU
- Attempting to hold the 28 DMA: FXF and NEM
- Up against the 65 DMA: FSLR
- Up against the 28 DMA: T
- Up against falling trend line resistance: CL, DB, TGT, YUMC
- Up against rising trend line resistance: AET and BABA
- Moderately overbought: CVS, ETN, I, JCP, KMB, PEGI WFC
- At the average overbought level: CSIQ
- Extremely overbought: CBRL
- Toppy: CLX
- A break out either way is on the way for: MOS and PHI
- Anything posted on these pages 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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