- Yi: + 37.65
- Attempting to bottom out: ETHE
- Oversold: GOLD
- Up against falling trend line resistance: AFL, AGX, F
- Up against the 65: BEN, CBRL, CSX, PRU
- Up against the 28: APD, CSCO, HPQ, $INDU, IWM, SCHD, SNA, TAP, WU, XRX
- Up against falling trend line resistance: UYG
- Moderately overbought: CPB, MO, TRV
- 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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