- Yi: +68.0
- Attempting to bottom out: CLX, KMB, MRK, UNG
- Oversold: CC, GT
- Attempting to hold some rising trend line support: IYJ, XOM
- Attempting to hold some falling trend line support: MMM
- Attempting to hold the 28 DMA: IYG, PEG
- Up against the 28 DMA: AEM, KR, $LUMBER
- Up against some falling trend line resistance: AU, $GOLD
- Moderately overbought: C, MU
- Overbought: NIB, TUP
- Toppy: $COFFEE
- 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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