- Yi: + 60.8
- Attempting to bottom out: BITO, BITQ, D, GBTC, JACK, NDAQ, O, ORCL, PEG, $SUGAR, YYY
- Extremely oversold: TUP
- Oversold: QSR
- Trying to hold some rising trend line support: QID, TAP
- Attempting to hold the 28: CFVI
- Attempting to hold the 65: QID, SPXU
- Up against the 65: CSCO, ETCG, ETHE, ETN, HOOD, $INDU, XRX
- Up against the 28: CVY, FAST, GS, TXN
- 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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