- Yi: + 40.7
- Trying to bottom out: BAC, D, MMM, TAP, TSLA
- Oversold: AAPL, F, PHI, QRTEA
- Moderately oversold: ACVF, AFL, AVAV, AXP, $DJW, EBAY, $INDU, MKC, QCOM, QLD, ROK, SPWR, STX, VOT, WU
- Trying to hold some rising trend line support: PFE
- Trying to hold falling trend line support: TSLA, WSO
- Attempting to hold the 28: ASA, BITO, $COPPER, CSCO, NUS, ORCL, VGK
- Attempting to hold the 65: GOLD, PFE
- Up against the 28: X
- Up against falling trend line resistance: QID
- Toppy: MTH
- ABEWISUF: NEM
- 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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