- Yi: +15.55
- Trying to hold rising trend line support: CTB and GFI
- Attempting to hold the 65 DMA: FLO
- Attempting to hold the 28 DMA: CALM, GLD, SIVR
- Up against falling trend line resistance: $CRB
- Up against the 28 DMA: DBA and I
- Moderately overbought: AAPL and $GASO
- Average overbought: IRBT
- Getting toppy: FSLR, GDDY, PFF
- Possible top here: FLR
- 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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