- Yi: +23.0
- Moderately oversold: AU
- Attempting to hold the 28 DMA: AEM, AMZN, CLX, GBTC, RGLD, SMG, STMP
- Up against the 28 DMA: TPR
- Up against the 65 DMA: KO, TGT, WBA
- Up against rising trend line resistance: COPX
- Moderately overbought: AXP, BBBY, BNS, BWA, CBRL, CC, CG, DE, F, FLR, FSLR, GM, GT, HA, HBI, HMC, $INDU, IR, IWM, MAN, MET, MS, PFF, PRU, SNA, $SPX, SWK, TROW, TUP, VFC, WHR, WY, WYND
- At the average overbought level: AMP, CMI, CSX, CTB, GOOG, ROK, WGO
- Possible top here: IRBT
- A break out either way setting up for: APD, CANE, $CRB, OXY, $PLAT, QCOM, $SILVER, SIVR, SMH, SU, LIN
- 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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