- Yi: + 43.95
- Attempting to bottom out: GOLD, QRTEA, TUP
- Extremely oversold: WBD
- Attempting to hold the 28: CPB
- Up against falling trend line resistance: ETCG, HBI, $NYA50R, SIL, XMMO
- Moderately overbought: BAL, CC, COPX, CSX
- Overbought: APD
- Toppy: ETN
- ABEWISUF: CAR, GIS, MMM, T
- 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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