- Yi: + 37.41
- Attempting to bottom out: APD, AVAV, BGS, CBRL, D, FLO, MAIN, SCHH, TAP
- Oversold: GM, PPG, $SPX
- Trying to hold rising trend line support: F, GS
- Attempting to hold the 28: PPLT, RGLD, $SILVER
- Up against the 28: CLF, DBA, WGO
- ABEWISUF: CAT, CC, KSS, M
- 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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