- Yi: +62.58
- Attempting to hold the 28 DMA: MAIN
- Attempting to hold the 65 DMA: $UST30Y
- Up against the 28 DMA: IFN
- Up against some falling trend line resistance: AKAM, MRK
- Up against some rising trend line resistance: BBY, GFI, NEM, TGT, WY
- Moderately overbought: CLF, CMI, DE, EMR, ETH, GDX, GILD, GLD, GT, IDA, JPM, LMT, MS, NTAP, ORCL, RSX, $SILVER, SIVR, TKR
- Overbought: AEM, APD, AXP, BAC, BBY, BWA, $COPPER, COPX, $CRB, FCX, FL, FXF, GS, HBI, HD, $INDU, MTH, RS, RTX, RY, SCHD, SNA, SWK, TD, UYG, WHR, XLE, $XOI
- Extremely overbought: AA, ALL, AMP, $HGX, OC, STLD
- Toppy: CC, CORN, CVS, DBA, FCX, FL, GS, PAYX, RS, PNC
- 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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