- Yi: + 60.42
- Trying to hold some rising trend line support: BABA, SIL
- Attempting to hold the 28: MAIN, MU, SLV, SLVO
- Attempting to hold the 65: BWA, CORN, GLW, $GOLD, HOOD, KHC, MGA, TXN
- Up against the 28: UGA
- Overbought: CSCO, WOLF
- Toppy: AVAV, $COTTON, CPB, D, HRB, HRL, $INDU, LBAI, MKC, UNG
- ABEWISUF: CAT, HAP, ITW, MS, PICK, PM, STLD, TKR
- 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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