- Yi: + 41.95
- Attempting to bottom out: $VIX
- Moderately oversold: MARA
- Attempting to hold the 28: IWM, NYCB, UGA
- Attempting to hold the 65: UUP
- Up against the 65: ATI, C, KDP
- Up against falling trend line resistance: GOLD
- Moderately overbought: $GOLD, RGLD, ROK, SIL, $SILVER, SIVR, TXN, VGK
- Toppy: APD, CAT, CAR, COPX, CSX, F, FL, GILD, GS, $INDU, IR, IYJ, LMT, MKC, NOBL, $PLAT, PPLT, TD, TRV
- ABEWISUF: ORCL
- 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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