- Yi: + 55.7
- Up against the 65: AGX, BGS, GILD, GIS, MANT, MET, TD, WBA
- Up against the 28: IR, KLIC, MCHP, MU
- Up against some falling trend line resistance: KHC, IP
- Up against rising trend line resistance: IYE
- Moderately overbought: RYE, XLE, $XOI, XOM
- Overbought: $GASO
- Toppy: CC, PAG, USOI, SU
- 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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