- Yi: + 47.33
- Oversold: VALE
- Attempting to bottom out: DBA
- Trying to hold rising trend line support: B, $CRB
- Attempting to hold the 28: COPX, GOLD
- Up against the 65: SPWR
- Up against the 28: PEG, WHR
- Moderately overbought: ACVF, AGX, BBY, BGS, MKC, MMC, $NYA50R, RGR, WBA, WEC
- Overbought: AFL, CAKE, CAT, CBRL, $INDU, LIN, LMT, NOBL, SDY
- Extremely overbought: GILD
- Toppy: MET, XOM
- ABEWISUF: RIOT, TSLA, YETI
- 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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