- Yi: +64.25
- Oversold: MDC
- Moderately oversold: BABA, HRL, IYE, MMM
- Trying to hold some rising trend line support: SLV
- Attempting to hold the 28 DMA: TAP
- Up against the 28 DMA: STX
- Up against some falling trend line resistance: UNG
- Moderately overbought: CORN, RYE, SU, XLE, $XOI
- Overbought: ADM, $GASO
- Toppy: LMT
- A break out either way is setting up for: BAL, KHC, NOBL
- 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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