- Yi: + 46.88
- Attempting to bottom out: CBRL
- Oversold: NTAP, NYCB
- Moderately oversold: CAKE, CAR, $CRB, KR, LPI, PNC, VLY
- Attempting to hold the 28: CNK, CSX, GLW, HMC, $INDU, IVW, MET, $NDX, NSC, $NYA50R, ORCL, $PLAT, PPC, PPLT, QQQ, QRTEA, SCHH, $SPX, TD, V, VOT, WEC, WU, XLK, $XOI
- Attempting to hold the 65: AFL, MKC, WBA
- Toppy: APD, BIDU, FL, GIS, PFE, PM, SNA, RGR, YUM
- ABEWISUF: BITO, $COTTON, STX
- 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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