- Yi: + 55.55
- Trying to bottom out: NEM
- Moderately oversold: BITO, CG, GBTC, HOOD, MAIN, MTH, PPLT, RIOT, SIL, SLV, SLVO, WBA, WGMI, YETI
- Trying to hold some rising trend line support: CC, LBAI, USB
- Attempting to hold the 28: AVGO, $COFFEE, BBY, BEN, BIDU, CUT, EMR, ETCG, $GOLD, IQV, LIN, NFLX, OMC, ORCL, PPG, QQQ, TROW, USB, VALE, YYY
- Attempting to hold the 65: AIG, CVY, G, GEF, GS, M, NDAQ, NOBL, NTAP, NYCB, PICK, QRTEA, STLD, XMMO
- Toppy: CBRL, CL, LMT, WEC
- ABEWISUF: BABA
- 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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