- Yi: +48.16
- Attempting to bottom out: D, ETHE, QID, SPXU
- Moderately oversold: MO
- Attempting to hold the 28: STX
- Up against falling trend line resistance: GOOG
- Moderately overbought: BIDU, V
- Overbought: PM
- Toppy: ACVF, AEM, AMAT, APD, BWA, CANE, CBRL, CC, COPX, CRUS, DE, EMR, F, GE, GLD, IR, IWM, IYE, LIN, $XOI, XOM, YETI
- ABEWISUF: AGX, ALEX, BNS, CAR, $CRB, FLR, LMT, LPI, MAIN
- 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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