- Yi: + 50.45
- Oversold: NTR
- Attempting to hold some rising trend line support: B, TROW
- Attempting to hold some falling trend line support: MKC, VNO
- Attempting to hold the 28: BEN, CL, $HGX, PPLT, TD, TTM, USB, VOT
- Attempting to hold the 65: IVW, JJN, NUS, QSR, SLVO, WOLF
- Up against the 65: SPXU
- Up against the 28: CORN, CPB, TSLA
- Up against falling trend line resistance: GEF, TSLA
- Moderately overbought: BABA, JWN
- Toppy: BIDU, CAT, CMI, G, IYE, KODK, MGA, RYE, SU, USOI, XLE, $XOI, XOM
- Setting up for a break out either way: DBA, $GOLD
- 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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