- Yi: + 46.18
- Attempting to bottom out: DBA, PFE
- Moderately oversold: FLO, QID
- Attempting to hold the 28: PM, $SILVER, SIVR
- Up against the 65: KSS, SPWR, TSLA
- Up against the 28: IVW, GOOG
- Up against some falling trend line resistance: CSL, GOOG, QRTEA, TROW, WEC
- Moderately overbought: AGX, AMAT, AMP, ATI, BBY, BGS, C, CAR, F, GBTC, GM, GT, HBI, MAIN, MMM, NYCB, QQQ, RGR, SMH, $SPX, TROW, UYG, VOT, WOR, WSO, WU
- Overbought: CSIQ, GE, GLW, GM
- Toppy: CAKE, CRUS, FCX, FL, FXI, GLW, HBI, HPQ, PEG, SNA, TXN
- ABEWISUF: KMB, T, MET
- 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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