- Yi: +58.08
- Trying to bottom out: MED
- Trying to hold some rising trend line support: HBI, WBD
- Attempting to hold the 28: MAIN
- Up against the 28: BIDU, $LUMBER, TAP
- Up against some rising trend line resistance: $BTCUSD, BBY, CMI, NYCB
- Up against some falling trend line resistance: BNS, KMB, SOYB, STX
- Moderately overbought: AA, AEM, B, COPX, CPB, GLW, $GOLD, KHC, MET, NFLX, NOBL, NTAP, NTR, PPG, PRU, RS, SLV
- Overbought: BITQ, CAKE, CBRL, CSX, FAST, GS, RIOT, SDY, STLD, TKR, WGMI
- Toppy: GIS, HRL, MKC, PAYX, SLVO, TWTR
- ABEWISUF: D, DWAC, KR, LMT
- Anything posted 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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