- Yi: +19.80
- Attempting to bottom out: $GASO, IR, RGR, SFTBY
- Average oversold: PM
- Attempting to hold falling trend line support: FNG
- Attempting to hold the 65 DMA: QCOM
- Attempting to hold the 28 DMA: AQUA, CALM, $USD
- Up against the 28 DMA: ANF and NOW
- Up against rising trend line resistance: KO
- Moderately overbought: GFI
- Average overbought: IDA
- A break out either way on the way for: TSLA
- Anything posted could 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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