- Yi: + 40.35
- Attempting to bottom out: A, AFL, BEN, CSCO, CSX, D, F, FAST, GLW, GT, HBI, IVW, $INDU, IYJ, KHC, MAIN, MKC, MMM, NOBL, NTAP, NYCB, ORCL, PEG, QLD, QQQ, SDY, $SPX, STX, T, TROW, VLY, VOT, WBA, WEC, WHR, XLK, XRX, YETI
- Attempting to hold the 28: GIS
- Up against the 65: IYE, XOM
- Up against the 28: ETN, $XOI
- Toppy: QID
- ABEWISUF: BITQ, OMC, WGMI
- 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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