- Yi: +55.86
- Attempting to bottom out: MRK, OIL
- Extremely oversold: $GASO
- Oversold: RGR, TSN
- Moderately oversold: PPC, SU
- Trying to hold some rising trend line support: YUM
- Attempting to hold the 28: XOM
- Attempting to hold the 65: JJN
- Up against the 65: KHC, $USD, $UST30Y, UUP
- Up against the 28: $GOLD, KHC, VALE
- Up against some rising trend line resistance: MMM
- Up against falling trend line resistance: CVY, META, RS, WBA
- Moderately overbought: PPLT, QRTEA
- Overbought: APD, GT
- Toppy: APD, ITW, SPWR
- ABEWISUF: CC, $CRB, IQV, YYY
- 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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