- Yi: +14.35
- Moderately oversold: I, $PLAT, PPLT
- Trying to hold rising trend line support: GDX and MOS
- Attempting to hold the 65 DMA: COPX
- Attempting to hold the 28 DMA: AA, CAKE, EGPT, JCP, MDC
- Up against falling trend line resistance: DUST
- Moderately overbought: FLO, PG, PPC
- A break out either way is on the way for: AEM, CBRL, CLX, HD, MRVL, MSI
- 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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