- Yi: +39.48
- Attempting to bottom out: EBAY, TSLA
- Attempting to hold the 28: LEN, PFE
- Up against the 65: B, JPM, $LUMBER, PPC, STX, UUP
- Up against the 28: FL, RYE, SU, WEC, WY
- Up against some falling trend line resistance: $CRB
- Moderately overbought: AFL, D, PEG, $UST30Y
- Toppy: CAT, CPB, GOLD, KHC, OMC, PG, PM, RGLD, SIVR, SLV
- ABEWISUF: A, BA, LEN, M
- 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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