- Yi: +22.45
- Attempting to bottom out: AU, CANE, FL, FLR, GDX, SGGFF, SOYB
- Moderately oversold: COWTF
- Attempting to hold the 28 DMA: BNS, MGA, PRU, UYG
- Up against the 65 DMA: CALM
- Up against falling trend line resistance: CLF
- Up against rising trend line resistance: SYY
- Moderately overbought: CMG
- Extremely overbought: PPC
- Toppy: SMG
- A break out either way is on the way for: MJ, MKC, UUP
- 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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