- Yi: +70.88
- Trying to hold some rising trend line support: KMB, UNG
- Attempting to hold the 28 DMA: IBM
- Attempting to hold the 65 DMA: LMT, MMC
- Up against the 65 DMA: CANE, CIEN, KLIC, ORCL
- Up against the 28 DMA: CANE, COIN, CVS, IWM, PHG, $SUGAR, TSM, UUP, VOT, WOLF, YETI
- Up against rising trend line resistance: COPX
- Up against some falling trend line resistance: ETN, FL, LIN, M, XMMO
- Moderately overbought: BIDU, BITQ, CAKE, CAR, CBRL, CC, $COPPER, COPX, DE, EMR, ETHE, GBTC, GS, HRB, MU, QSR, SLV, SLVO, STLD, TPR, TUP, UYG
- Overbought: CORN, DBA, MS
- Toppy: COPX, CORN, DBA, DE, HAP, IYG, PRU, SOYB
- A break out either way is on the way for: IYE, $USD, XLE, $XOI
- 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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