- Yi: +63.26
- Attempting to bottom out: CLX, GBTC, $LUMBER, MRK
- Attempting to hold the 65 DMA: RGLD
- Attempting to hold the 28 DMA: CG, CVS
- Up against the 28 DMA: BABA, WEAT
- Up against the 65 DMA: $COTTON
- Up against some falling trend line resistance: XOM
- Up against some rising trend line resistance: BWA, GS, MGA NTR, VGK, $XOI
- Moderately overbought: ADM, AIG, AMP, CANE, FCX, IYE, KLIC, MGA, MOS, NTR, $NYA50R, QCLN, SOYB, $SUGAR, TROW, TSM, XLE, $XOI
- Overbought: CC, RGR, VNO
- Toppy: MED, TILE
- A break out either way is setting up for: AEM, AMAT, COIN, ETCG, JNPR, YETI
- 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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