- Yi: + 47.47
- Attempting to bottom out: UUP, $VIX
- Moderately oversold: $UST30Y
- Toppy: A, AEM, AMO, APD, B, BNS, BWA, CAT, CL, COPX, CSX, GE, GM, GS, $INDU, KMB, LIN, M, MAN, MET, MMC, NSC, ORCL, PM, PPG. PRU, RGLD, SCHD, SNA, $SPX, T, TAP, TD, TRV, UYG, VGK
- ABEWISUF: CG, MED, RGR
- 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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