- Yi: + 50.73
- Trying to bottom out: BAL, BEN, BITO, BITQ, BNS, CAT, COPX, IBM, MAIN, MDC, MJ, NTAP, NVS, NYCB, PICK, PM, TSM, TXN, XRX
- Oversold: MKC
- Moderately oversold: $CRB, OIL, SOYB
- Attempting to hold the 28: JO
- Up against the 65: AFL, AIG, CAKE, GOLD, MS, RS, TSLA
- Up against the 28: BITW, F
- Up against some falling trend line resistance: NEM. SLVO
- Moderately overbought: GPC, NDAQ, SPWR. WEC
- Toppy: $USD
- ABEWISUF: TAP
- 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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