- Yi: + 49.76
- Attempting to bottom out: ETCG, GBTC, HBI, MARA, RIOT, TSLA, TUP, WGMI
- Attempting to hold the 28: BAL
- Up against rising trend line resistance: GIS
- Moderately overbought: CPB, KHC, LMT, MMC, PPC, WEC
- Overbought: TAP
- Toppy: PM
- ABEWISUF: CAR, CBRL, IWM, KR, STX, T, VOT, XRX
- 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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