- Yi: +75.88
- Attempting to bottom out: WEAT
- Moderately oversold: AU, NTR, SIL, SLV
- Trying to hold some rising trend line support: IVW
- Attempting to hold the 28 DMA: AEM, APD, BITO, BITW, $COPPER, ETCG, GILD, $GOLD, LIN
- Attempting to hold the 65 DMA: ALEX, CVS
- Up against the 28 DMA: SPXU
- Up against rising trend line resistance: BMY
- Moderately overbought: $GASO, USOI, VLY, $WTIC
- Overbought: BGS, CPB, LBAI, OMC, PM
- Extremely overbought: RY
- Toppy: $LUMBER, MAN, MKC, TSN
- A break out either way is on the way for: CSX, GPC, GT, IR
- 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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