- Yi: +58.47
- Oversold: XLNX
- Moderately oversold: BGS, $BTCUSD
- Trying to hold some rising trend line support: MS, PING
- Attempting to hold the 28 DMA: MMM, OMC, SCHD, UYG
- Attempting to hold the 65 DMA: AFL, AMP, CUT, MMC, NSC, SCHW
- Up against some rising trend line resistance: TSN
- Overbought: $SUGAR
- Toppy: $CRB
- 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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