- Yi: + 48.8
- Attempting to bottom out: MJ
- Moderately oversold: SPXU
- Trying to hold rising trend line support: KR
- Attempting to hold the 28: $SUGAR
- Attempting to hold the 65: $USD
- Up against the 65: LIN, QRTEA, USOI
- Up against the 28: AIG, IYE, NIB, NTR
- Up against some falling trend line resistance: $COTTON, IYG, JJN, KLIC, NOBL, NUS, SPWR
- Up against rising trend line resistance: GEF, HRB
- Moderately overbought: ALV, BEN, BITO, BITQ, BITW, CBRL, CC, CIEN, CMI, CSCO, DBI, F, G, GLW, GS, HBI, HD, IYG, JACK, KLIC, MGA, NTAP, $NYA50R, NYCB, OMC, SNA, $SPX, STX, TKR, TPR, TROW, TWTR, VFC, WGMI
- Overbought: MAIN
- Toppy: MAIN
- ABEWISUF: BIDU, $LUMBER
- 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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