- Yi: + 48.9
- Attempting to bottom out: BNS, $COPPER, COPX, CSX, GOLD, $GOLD, LIN, NEM, O, PICK, RY, SLV, VALE
- Oversold: COPX, SLVO
- Moderately oversold: CAT, NTR
- Trying to hold some rising trend line support: MMC, WHR
- Trying to hold some falling trend line support: $COFFEE, EMR, XLK
- Attempting to hold the 65: BAL, ITW
- Up against falling trend line resistance: PM
- A bit toppy: KHC
- A breakout either way is on the way for: BMY, KO, PEG
- 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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