- Yi: + 45.07
- Trying to bottom out: BAL, DBA
- Moderately oversold: AVAV
- Trying to hold some rising trend line support: KODK, NFLX, NUS, TWTR
- Trying to hold some falling trend line support: CAR, ETCG, SLVO, XRX
- Attempting to hold the 28: BGS, HRB, JO, PPC, TUP, $WTIC, YETI
- Attempting to hold the 65: CVS, NDAQ, PFE
- Up against the 65: OIL, PEG
- Up against the 28: GS, TSN, USOI
- Toppy: BIDU, TAP
- Anything posted may be in error.
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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