- Yi: 77.04
- Attempting to bottom out: BITO, BITQ, BITW, $BTCUSD, CANE, COIN, $DOGEUSD, ETCG, GBTC, HOOD, NDAQ, SPWR, WOLF
- Moderately oversold: FLR, IVW, MED, STLD, TUP, VFC
- Trying to hold some rising trend line support: ALEX, CSX, NUS, TAP
- Attempting to hold the 28 DMA: GLW, GPC, ITW, IYJ, PAYX, WFC
- Attempting to hold the 65 DMA: AGX, FAST, IBM, M, MU
- Up against the 28 DMA: MJ
- Up against some falling trend line resistance: BIDU
- Up against some rising trend line resistance: CVS
- Overbought: BMY, MRK
- Toppy: AFL, FLO, MRK
- A break out either way is on the way for: BAL, CORN, $COTTON, IP, MGA, O
- 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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