- Yi: + 47.45
- Trying to bottom out: BGS, BITW, GBTC, VFC, WGMI
- Trying to hold some falling trend line support: QID, UUP
- Attempting to hold the 28: AFL
- Up against the 65: CC, CORN
- Up against the 28: C, D, DBA, HBI
- Up against rising trend line resistance: COPX, IAU, IP
- Up against falling trend line resistance: CORN, EBAY, INTC
- Toppy: PG
- 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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