- Yi: +19.56
- Attempting to bottom out: DUST and OC
- Moderately oversold: NOK
- Trying to hold rising trend line support: FSLR and GBTC
- Trying to hold falling trend line support: KOL
- Attempting to hold the 65 DMA: CC and SHLDQ
- Attempting to hold the 28 DMA: PM
- Up against the 28 DMA: RRGB and $USD
- Up against falling trend line resistance: $PLAT
- Up against rising trend line resistance: YETI
- Moderately overbought: GOLD, HSY, LEN, NEM, WU, $XAU
- Average oberbought: PEP and RGLD
- Toppy: AEM, PEP, RGLD, UGA, YETI
- A break out either way on the way: CANE, CSX, GILD, IBM, JJNTF, MCO, MDR, MMC, ORCL, SMG, SNAP, $SUGAR, UTX, VNO
- 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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