- Yi: + 43.98
- Attempting to bottom out: CANE, CNK, SPWR
- Up against the 28: APD, CMG, PHI, SCHX
- Up against some falling trend line resistance: GBTC, F, ROK
- Moderately overbought: CVY, ETCG, INTC
- Toppy: ANF, BA, CWI, EFV, FNDF, $HGX, MTH, $XAU
- ABEWISUF: B, BNS, CG, ORCL
- 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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