- Yi: + 68.87
- Attempting to hold the 28 DMA: SLV
- Up against the 65 DMA: JO, MGA
- Up against the 28 DMA: TKR
- Up against some falling trend line resistance: CLX, IP, QSR
- Moderately overbought: ADM, COPX, $COTTON, CSX, EMR, $GASO, IYE, MET, PICK, RYE, SDY, SU, TD, UGA, VALE, $WTIC, $XOI
- Overbought: DE, HAP, NTR
- Toppy: BAL, BMY, NVS, STLD
- A break out in either direction is setting up for: ALV, AU, BBY, CAKE, D, HA, MKC, PAG, UUP
- 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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