- Yi: +55.05
- Attempting to bottom out: ALEX, WBD
- Trying to hold rising trend line support: T, TSM, TXN, WEC, WHR
- Attempting to hold the 28: MTH, SIL, TSM, VLY
- Attempting to hold the 65: AEM, RGR
- Up against falling trend line resistance: CUT, USB
- Moderately overbought: CMI, KODK, SPWR
- Toppy: B, $GASO, $WTIC
- Break out either way on the way: BEN, SLV, TROW, XRX
- Anything posted here 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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