- Yi: +69.2
- Oversold: FB
- Moderately oversold: CANE, $SUGAR, WEAT
- Trying to hold some rising trend line support: SLV, SLVO
- Attempting to hold the 28 DMA: CORN
- Up against the 28 DMA: ALV, PFE, UYG
- Up against the 65 DMA: CC, CSX, CUT, NOBL, NTAP, XMMO, XRX, YUM
- Up against some falling trend line resistance: EMR, TAP
- Up against rising trend line resistance: CVS, MET, RYE
- Moderately overbought: AIG, BNS, EMR, HAP, IBM, ITW, NIB, OMC, PRU, SNA, TD
- Overbought: $XOI
- Extremely overbought: $CRB
- Toppy: PM, SOYB, SU
- A break out either way is setting up for: GOLD, TSN, TTM, TUP
- 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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