- Yi: +30.93
- Possible bottom here for: TUP and SU
- Trying to bottom out: BGG. BGS, $GASO, MMM, SYY, TLRD, WEC, WY
- Moderately oversold: MKC
- Trying to hold rising trend line support: D
- Attempting to hold the 65 DMA: NEM
- Attempting to hold the 28 DMA: IAU and $GOLD
- Up against the 28 DMA: CSIQ, CWI, EWA, FCX, GM, LBAI
- Up against falling trend line resistance: HA
- Up against rising trend line resistance: AMP, MTSI, PYPL
- Moderately overbought: ATI and LIN
- At the average overbought level: CLX, ETN, MSFT, PCRFY, NFLX, QCLN
- 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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