- Yi: + 50.23
- Trying to bottom out: BMY, $GOLD, MKC, STLD
- Moderately oversold: D, MRK, T, WEC
- Trying to hold some rising trend line support: SPXU
- Trying to hold some falling trend line support: T
- Attempting to hold the 28: BGS, CPB
- Up against the 65: ADM, $COFFEE, $CRB, JJN
- Up against the 28: AA, BNS, LIN, RY, XOM
- Up against falling trend line resistance: AMAT, MGA, PRU
- Moderately overbought: AMAT, AVGO, BBY, COIN, HOOD, IWM, META, QQQ, UNG, XLK, XMMO, XRX, YETI
- Toppy: KLIC, QSR
- ABEWISUF: BABA, $COPPER
- 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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