- Yi: + 65.26
- Attempting to bottom out: FL
- Moderately oversold: $COFFEE, NIB, PM
- Trying to hold some rising trend line support: CANE, PPLT, SUGAR
- Trying to hold some falling trend line support: $COTTON
- Attempting to hold the 28 DMA: $PLAT, PPLT, QID
- Up against the 65 DMA: BBY, TXN
- Up against the 28 DMA: AMAT, AMP, CAR, EMR, ETHE, ETN, SDY, WHR
- Up against some falling trend line resistance: $HGX, IVW, IWM, IYJ, MTH, PAYX, TPR, TSLA, WOLF
- Moderately overbought: COPX, TAP, $USD
- Overbought: LMT, NTR, STLD
- 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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