- Yi: + 56.3
- Attempting to bottom out: BIDU, MRK
- Oversold: PHG
- Moderately oversold: TAP
- Trying to hold some rising trend line support: COPX, FLO, WHR
- Attempting to hold the 28: AGX, $COTTON, IP, MDC, NVS, PRU, SIL, WHR
- Attempting to hold the 65: $BTCUSD, CORN, PRU, RS
- Up against some falling trend line resistance: GILD, GT
- Moderately overbought: AVAV, BGS, HOOD, LMT, $PLAT, TUP
- Overbought: MCHP, SPWR
- ABEWISUF: B, CLX, MMM, NDAQ, TWTR
- 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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