- Yi: +63.59
- Attempting to bottom out: MU
- Moderately oversold: CLX, PCRFY
- Trying to hold some rising trend line support: $GOLD
- Attempting to hold the 28 DMA: GILD
- Attempting to hold the 65 DMA: TAP
- Up against some falling trend line resistance: DBI, GEF, NYCB, SPWR
- Up against some rising trend line resistance: ADM, MGA, RY, UYG
- Moderately overbought: BAL, ETN, IR, OMC, PAYX, PPLT, RSX, SCHW, TD, TPR
- Overbought: CG, MAN, STX
- Toppy: MCO, SNA
- A break out either way is setting up for: $GASO, HRB
- 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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