- Yi: + 55.18
- Attempting to bottom out: BABA, QID, SPXU
- Oversold: BABA, QID, SPXU
- Moderately oversold: BIDU, GILD
- Trying to hold some rising trend line support: NIB
- Up against the 28: KR
- Up against some falling trend line resistance: CL, CPB, $GOLD, KMB, KR, USOI
- Moderately overbought: AFL, BNS, CAR, CAT, CUT, CVY, DE, EMR, ETN, $INDU, IYG, MS, NOBL, O, PAG, PICK, PRU, QLD, RGR, RY, RYE, SIL, STLD, SLV, TWTR, UYG, VGK, VOT, WEC, XLE, XMMO, XRX
- Overbought: CMI, G, GPC, GS, IQV, IR, ITW, IWM, IYJ, LBAI, MAIN, $NYA50R, ORCL, SNA, TKR, TSLA, TXN, XLK, $XOI
- Toppy: A, AA, ALEX, AMP, APD, DD, IVW, MMC, $NDX, NTR, PAYX, QQQ, TAP, TSN
- ABEWISUF: JNPR, MDC, MJ, NFLX
- Anything posted on these pages 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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