- Yi: +60.3
- Trying to bottom out: $BTCUSD, NOW
- Oversold: WGO
- Moderately oversold: D, HD, HRL, JACK, WY
- Trying to hold some rising trend line support: CL, CSX, FCX, $INDU, LBAI, LMT, PM, PPG, PRU, RS, SCHD, SNA, $SPX, TAP, TKR, UYG, VGK
- Trying to hold some falling trend line support: BITW, GLW, VOX, WU
- Attempting to hold the 28 DMA: BWA, CAT, CG, COPX, DBA, ETCG, GEF, IQV, ITW, IYG, JNPR, LTCN, MAN, MMC, MMM, NOBL, OIL, OMC, RS, SCHD, SCHW, SDY, TAP, TKR, UYG, VLY, WDC
- Attempting to hold the 65 DMA: $COPPER, CVY, FCX, GIS, GPC, IYE, LIN, MS, PM, PPG, QRTEA, SNA, SOYB, UGA, UNG, USB, VGK, XOM
- Up against some falling trend line resistance: MRVL
- Moderately overbought: AU
- Toppy: NEM, RSX, RY, TD
- 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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