- Yi: + 58.57
- Trying to bottom out: WEAT
- Moderately oversold: BIDU, CANE, WBA
- Trying to hold some rising trend line support: AMAT, COPX, PPG
- Attempting to hold the 28: ALV, AMAT, BITQ, CAR, COIN, DBA, DD, GOLD, HA, MARA, TROW, TTM, VGK
- Attempting to hold the 65: AEM, B, BEN, IQV, JO, JWN, MMM, TSLA, VALE
- Up against the 28: UGA, USOI
- Up against rising trend line resistance: $XOI
- Up against falling trend line resistance: IBM
- Moderately overbought: IBM, JNPR, MRK, RYE
- Overbought: FL
- Toppy: ADM, AIG, BNS, CSX, EMR, ETN, NTR, ORCL, PAYX, SNA, TP, VLY, XMMO
- ABEWISUF: MET, STX
- 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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