- Yi: +64.86
- Attempting to bottom out: CFVI, IP
- Trying to hold some rising trend line support: QID
- Attempting to hold some falling trend line support: AEO
- Up against the 65 DMA: CAT, $NDX, QLD, $SPX, TKR, XLK
- Up against the 28 DMA: CG, CVS, FAST, MDC, NOBL, ORCL, QQQ, $SPX, STX, TXN
- Up against some falling trend line resistance: KMB, SDY, YYY
- Up against some rising trend line resistance: DBA, $USD, UUP
- Moderately overbought: BNS, CANE, D, DE, TSN, TUP, $XOI, XOM
- Overbought: KR, OIL, RGR
- Extremely overbought: WEAT
- Toppy: HRB, USOI, $WTIC
- Going parabolic: ADM, $GASO
- Has gone parabolic: $CRB, WEAT, UGA
- A break out either way is setting up for: CLX, TSM
- Anything posted on these pages may 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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