- Yi: + 55.24
- Attempting to bottom out: $LUMBER, TSN
- Moderately oversold: PFE
- Attempting to hold the 28: AMAT, CG, KLIC, TSM, STX
- Up against falling trend line resistance: MKC
- Moderately overbought: SIL, SLVO
- Overbought: DBI, TWTR, QRTEA
- Toppy: BITQ, BNS, CIEN, CMI, COIN, CSX, ETN, F, HA, HD, HRB, IVW, IWM, IYJ, JACK, KODK, NTAP, QLD, QRTEA, RIOT, SNA, TROW, VOT, XLK
- ABEWISUF: META, VGK
- Anything posted may be way 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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