- Yi: + 49.05
- Attempting to bottom out: GOLD, RGR, SIL, VNO, WBA, WGMI
- Extremely oversold: RGR
- Moderately oversold: AEM, AMP, AVAV, CAKE, CAT, CMI, COPX, CVS, KODK, MMC, MS, NDAQ, NTAP, RY, SNA, VALE, XMMO
- Trying to hold some rising trend line support: CANE
- Trying to hold some falling trend line support: MAIN
- Attempting to hold the 28: DBI, FLR, HAP, LBAI, PAG, SPWR, STLD
- Attempting to hold the 65: NTR
- Moderately overbought: DBA
- ABEWISUF: BITQ, FL, NIB, $USD
- Anything posted may be in error.
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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