- Yi: +19.08
- Attempting to bottom out in this area: JJGTF
- At the average oversold level: NUS and PHI
- Moderately oversold: IAU, JNUG, MOS, NUGT
- Trying to hold rising trend line support: BBL, BRKS, GDX, LOW, NEM, NUGT, RGLD
- Trying to hold falling trend line support: NTES
- Attempting to hold the 65 DMA: GLD
- Attempting to hold the 28 DMA: CLF, LEN, LIN
- Up against the 28 DMA: HAS
- Up against falling trend line resistance: DUST
- Up against rising trend line resistance: GOOG, MTSI, $NDX, PEP
- Moderately overbought: GF and MKC
- At the average overbought level: JNJ
- Toppy: BA, CREE, CSIQ, EWI, IRBT, IYG, MMC, MSI, PAYX, PYPL
- A break out either way is on the way for: CSX, $DJW, F, FLR, $GASO, IFN, ITW, KOL, MS
- 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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