- Yi: +63.48
- Attempting to bottom out: TGS
- Moderately oversold: $UST30Y
- Trying to hold some rising trend line resistance: CBRL
- Attempting to hold the 28 DMA: BBY, GBTC, KR
- Up against some falling trend line resistance: IDA
- Moderately overbought: AEM, AHH, $COPPER, COPX, CVS, FCX, GLW, GOLD, NEM, OLLI, SIL
- Overbought: NDAQ, O
- Toppy: AMP, NCR
- A break out either way is setting up for: FLR
- 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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