- Yi: +29.93
- Attempting to hold the 65 DMA: GLD, IAU
- Attempting to hold the 28 DMA: $PLAT, PPLT, SMG
- Up against falling trend line resistance: BIDU
- Up against the 65 DMA: CORN, DBA
- Up against rising trend line resistance: $HGX, MAIN
- Moderately overbought: CNK, $COPPER, CW, IFN, JPM, KDP, LBAI, LMT, MAN, OXY, SU, T, TAP, TILE, USB
- Average overbought: AMAT, ANF, BAC, BBBY, BRKS, C, CAKE, CAT, COPX, CTB, DE, F, FCX, FL, $GASO, GM, GS, GT, HBI, $HGX, HMC, IP, IR, IWM, IYE, MMC, MMM, MS, OC, PAG, PAYX, PNC, PTEN, RY, SIRI, SMH, STLD, SYY, TD, UYG, WU, WYND
- Extremely overbought: IRBT
- Toppy: AMTD, AVAV, CSX, LIN, NSC, PPG
- Going parabolic: REMX
- A break out either way is setting up for: CMG, LOW, NVS
- Anything posted could 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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