- Yi: +69.15
- Attempting to bottom out: CPB
- Oversold: UL
- Moderately oversold: GIS
- Attempting to hold some rising trend line support: BABA, TTM
- Attempting to hold some falling trend line support: AGX, BGS, MGA
- Attempting to hold the 65 DMA: AU
- Attempting to hold the 28 DMA: KMB
- Up against the 28 DMA: APD, CAKE, YYY
- Up against the 65 DMA: MTSI, $WTIC
- Up against some falling trend line resistance: GBTC
- Moderately overbought: BAL, CG, $CRB, CSCO, $GASO, UGA, XLNX
- Overbought: $COFFEE, JO, MMC
- Toppy: JO, MS
- A break out either way is setting up for: GOLD, IBM, MAIN, RGLD, WDC
- 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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