- Yi: + 60.69
- Attempting to bottom out: AFL, AIG, BAC, FL, SEE
- Moderately oversold: BA, CNK, PPLT, UNG
- Trying to hold some falling trend line support: UNG
- Attempting to hold the 28: FLR, PFE, QID, $XOI
- Attempting to hold the 65: BMY, $UST30Y
- Up against the 65: AEM, GDX, JNUG, SIL
- Up against the 28: $GOLD
- Moderately overbought: $SILVER, SIVR
- Toppy: CSCO, IBM
- ABEWISUF: GLW, LIN, NOBL, NYCB, PM, TAP
- 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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