- Yi: +19.01
- Attempting to bottom out: BGS
- Trying to hold rising trend line support: DBO, GDX, NUGT
- Attempting to hold the 28 DMA: KOLD and SHAK
- Up against the 28 DMA: GT, HMC, TPR, UNG
- Up against falling trend line resistance: DUST
- Moderately overbought: AA, GE, MTSI, REMX, T
- Average overbought: FXI, HPE, STX, TRV
- Toppy: ETN, FXI, $HGX, IR, IYJ, KLIC, MAIN, MMM, NCR, PM, QCLN, ROK, SMH, SWK, TPX
- Possible top here for: CW, HBI, IJH, IJR, IQV, IWM, MDY, SDY
- A break out either way is on the way for: CLF, CMG, GF, IAU, LMT, MS, SIVR
- 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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