- Yi: + 46.44
- Attempting to bottom out: MKC, $VIX
- Moderately oversold: $UST30Y
- Trying to hold some rising trend line support: GIS, MED
- Attempting to hold the 28: F, GM, HPQ, NUS
- Up against the 28: MSFT
- Up against falling trend line resistance: $CRB, LOW
- Moderately overbought: DBC, DBO, DM, GBTC, IWM, LIN, $NDX, OIL, QLD, RYE, SCHX, USB, WOLF, XMMO
- Overbought: DBP, $NYA50R, TKR
- ABEWISUF: D
- Toppy: AEM, AU, CAT, EFV, FLR, GDX, GFI, $INDU, MAT, MMM, NEM, NFLX, ORCL, PAYX, RGLD, ROK, SIL, T, VALE, WOR, YYY, X, $XAU, XLB
- Anything posted 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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