- Yi: +14.85
- Attempting to bottom out: DBA, I, UNG
- Attempting yo hold the 28 DMA: ANF, CAT, DRI, EFV, IR, NCR, PAG, PPG, SYY, TKR, TPR, TRV, WY
- Up against the 65 DMA: SMH
- Moderately overbought: CL and $DJW
- A break out either way is setting up for: YYY
- Anything posted on these pages may be in error.
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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