- Yi: + 56.7
- Attempting to bottom out: AFL, BNS, CG, $COPPER, GE, GS, HA, IWM, KR, MARA, NOBL, OMC, SDY, SLV, SLVO, SPWR, TROW, WBA
- Oversold: ALEX
- Moderately oversold: D, MMC, O
- Trying to hold some falling trend line support: AFL
- Attempting to hold the 65: KHC
- Up against the 65: BEN, $PLAT
- Up against the 28 DMA: PPLT, TTM
- Up against some falling trend line resistance: NIB, PPLT, TTM
- A break out either way is setting up for: TSM
- 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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