- Yi: + 43.75
- Attempting to bottom out: BAL, BGS, BITQ, BITW, KHC, MARA, MED, WGMI
- Extremely oversold: BGS
- Moderately oversold: BMY, F
- Trying to hold rising trend line support: LIN
- Up against the 65: ADM, CPB, $LUMBER
- Up against the 28: PM, TXN
- Up against falling trend line resistance: LMT
- Overbought: $UST30Y
- Toppy: $PLAT, PPLT
- ABEWISUF: AEM, GOLD, SIL
- 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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