- Yi: + 56
- Attempting to bottom out: $LUMBER, QID, SPXU, T, $WTIC
- Moderately oversold: AGX, BGS, BMY, CLX, $CRB, OIL, USOI, VNO
- Trying to hold some rising trend line support: BGS, FLR, WBD
- Trying to hold some falling trend line support: UGA
- Attempting to hold the 28: ALV, CPB, FLO, HRL, JJN, NUS, WBD, YUM, XLE, $XOI
- Attempting to hold the 65: WBA
- Up against falling trend line resistance: $PLAT
- Moderately overbought: HA
- Overbought: QSR
- Toppy: AMAT, BITQ, CC, CIEN, CSCO, MCHP, MKC, $NDX, QQQ, YYY
- ABEWISUF: CMI, $COTTON, ETHE, GBTC, GIS, IBM, $INDU, MAN, NYCB, QLD, SNA, $SPX, TKR, TXN
- 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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