- Yi: + 40.85
- Attempting to bottom out: $LUMBER, SYY
- Oversold: PAYX, SHAK, QLD, QQQ
- Attempting to hold the 28: APD
- Up against the 65: DBO, MKC, NFLX
- Up against the 28: ADM, MKC, UGA, USL, USO
- Up against falling trend line resistance: OIL, RGLD
- Moderately overbought: GOLD
- Toppy: BA, DB
- ABEWISUF: BITO, $BTCUSD, CBRL, FAST, GF, HPQ, T, WEC
- 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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