- Yi: +12.05
- Trying to bottom out: JCP and SVXY
- Trying to hold rising trend line support: ABX
- Up against the 65 DMA: I, INTC, LBAI
- Up against the 28 DMA: CTB, DIS, MCHP, MDC, MET, NFLX, RGR, SNAP, TROW, TXN, YETI
- Up against falling trend line resistance: BR, CREE, DB, EBAY, FSLR, HMC, LOW, MU, MRK, $NDX, NFLX, NVDA, PETX, XLK
- Moderately overbought: APD, IFN, YUM
- Toppy: IAU
- A breakout either way is on the way for: AEM
- 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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