- Yi: + 55.63
- Attempting to bottom out: GIS, KHC
- Moderately oversold: CMG
- Attempting to hold the 28: CORN
- Attempting to hold the 65: MSFT, $UST3M
- Up against the 65: GDX, JNUG, RGR, SIL, WEC, $XAU
- Up against the 28: $SILVER, VFC
- Up against falling trend line resistance: PPG, VLY
- Moderately overbought: AIG, B, BAC, C, CLF, CNK, D, EBAY, FCX, IYJ, NOBL, PEG, SDY, VLY, WBD, XMMO, YYY
- Overbought: $NYA50R
- Toppy: AGX, AXP, LEN
- A breakout either way is setting up for: AU, CSCO, ETCG
- 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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