- Yi: + 44.0
- Trying to bottom out: $COTTON
- Attempting to hold the 65: QID
- Overbought: TWTR
- Moderately overbought: A, B, FLR, $GOLD, IYE, LIN, $PLAT, VALE, $XOI
- Up against the 65: ACVF, CSCO, GLW, $INDU, IWM, IYJ, MED, MMM, $NYA50R, TROW, VOT, WGMI, WHR, XLK, XRX
- Up against the 28: ADM, AFL, APD, BITW, CAT, CPB, $HGX, HRL, OMC, VLY, XMMO
- Up against falling trend line resistance: MARA
- 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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