- Yi: + 43.03
- Attempting to bottom out: $CRB, DBA, LUMBER, UNG, WOLF
- Moderately oversold: SPXU
- Trying to hold some rising trend line resistance: $UST30Y
- Trying to hold some falling trend line support: A
- Attempting to hold the 65: QID
- Up against the 65: AAPL, IVW, LOW, $NDX, QLD, QRTEA, QQQ, XLK
- Up against the 28: CBRL, GIS, GM, MCD, PAYX, QCOM, $SPX, TROW, VOT, XMMO, YETI
- Up against falling trend line resistance: ETN, HPQ, MMM, ROK
- Up against some rising trend line resistance: FNDF
- Moderately overbought: $BTCUSD, CAT, CLF, COST, $DJW, F, FCX, FL, $HGX, IP, IYJ, LEN, MAT, MMC, NFLX, NTAP, NUS, PFF, PPC, SDY, STX, VALE, VGK, WHR, XRX, YYY
- Overbought: ASA, AU, B, BA, GDX, MTH, NEM, OMC, $PLAT, RGLD, SIL, $XAU
- Toppy: AEM, KHC, NTES
- ABEWISUF: D
- 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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