- Yi: +19.78
- Attempting to bottom out: DUST and SFTBY
- Trying to hold rising trend line support: SPXU
- Attempting to hold the 28 DMA: GBTC
- Up against the 65 DMA: MDY, QCLN, RS, QCLN, ROK, SMH, YUMC
- Up against the 28 DMA: EGPT, KLIC, MAN, MRVL, RAIL, SCHW, SDY, TAP, TXN, UYG, VOT
- Up against falling trend line resistance: BNS, $HGX, MOS, NSC, PAG, PBI, RY, SCHD, TSN, X, XLY
- Up against rising trend line resistance: MCD and WEC
- Moderately overbought: DNKN, FXI, HAS, JNUG, LIN, NTR, SEE, SIL, TPX, TRV, $XAU, XLB
- Average overbought: RGLD, TGT, WSO
- Toppy: AEM, AU, GFI, TGT
- 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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