- Yi: + 49.25
- Attempting to bottom out: BITQ, $BTCUSD, ETHE
- Attempting to hold the 28: $COTTON:, GOOG
- Attempting to hold the 65: AVAV
- Up against the 65: NCR
- Up against the 28: MO
- Up against falling trend line resistance: CSX, CVY
- Moderately overbought: BMY, EXP
- Overbought: A, BBY, CAT, FLO, LMB, MMC, PG, SCHD
- Toppy: CPB, MCD, MKC, NVS, SDY, TAP
- ABEWISUF: AKAM, ALEX, CC, CORN, $CRB, EEFT, GF, HBI, IR, MGA, STX, VALE, WOLF
- 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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