- Yi: + 46.63
- Attempting to bottom out: BAL, BIDU, GBTC, SPWR, TUP, YYY
- Extremely oversold: BIDU
- Oversold: XRX
- Trying to hold rising trend line support: VALE
- Attempting to hold the 28: LIN
- Up against the 65: BGS
- Up against falling trend line resistance: A
- Moderately overbought: AFL, FLR, NTAP, OMC, PFE
- Overbought: CAR
- Toppy: $UST30Y, XOM
- ABEWISUF: COPX, GIS, HBI
- 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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