- Yi: +65.8
- Attempting to bottom out: A, APD, ETCG, KMB
- Oversold: IBM, $INDU
- Moderately oversold: AEO, BEN, GS, RY, USB, UYG
- Trying to hold some rising trend line support: AMAT, AMP, BABA, MCHP, NOBL, $UST30Y
- Trying to hold some falling trend line support: IR
- Attempting to hold the 28 DMA: BIDU, $BTCUSD, JO, $WTIC
- Attempting to hold the 65 DMA: AVGO, BITW, GLW, UGA, XLE
- Up against the 28 DMA: BGS
- Moderately overbought: AEM, KHC, $PLAT, SLV
- Overbought: GOLD, NEM
- Toppy: PM
- A break out either way is setting up for: $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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