- Yi: +37.35
- Attempting to bottom out: KOLD, $VIX
- Oversold: GILD
- Moderately oversold: C, JNPR, KSS, MRVL, MTSI, TILE, TRV, WFC, XLNX
- Attempting to hold the 28 DMA: AFL, AHH, AVAV, BBL, BNS, CAKE, DAL, DRI, IAU, $GOLD, IAU, IYG, KO, LBAI, MMC, O, REMX, ROK, RS, SDY, SIL, TSM
- Attempting to hold the 65 DMA: $BTCUSD
- Trying to hold rising trend line support: AXP, CBRL, CVY, GS, MAIN, MET
- Up against the 28 DMA: AKAM
- Up against rising trendline resistance: FCX
- Moderately overbought: CAR, $COPPER
- Overbought: TGT
- Toppy: $CRB, CSIQ, DE, FLO, MOS, NTR, QCLN, SEE, UNG, UPS, WOOD, XLY
- Break out either way on the way: $GASO
- Anything posted 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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