- Yi: + 41.06
- Attempting to bottom out: STX, UNG
- Up against the 65: BBY, HBI, KR
- Up against the 28: B, IYE, WEC, $XOI
- Up against falling trend line resistance: $COPPER, DBC, $PLAT
- Moderately overbought: DBA, $GASO, $WTIC
- ABEWISUF: BAC, C, CSCO, CSL, EWI, GILD, $NYA50R, ORCL, $SPX, TROW, UUP, VOT, XRX
- 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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