- Yi: + 48.85
- Attempting to bottom out: MKC
- Oversold: MKC
- Moderately oversold: $PLAT, PPLT
- Trying to hold some rising trend line support: LOW, PPLT
- Attempting to hold the 28: AU, GT, PPC, WOLF
- Attempting to hold the 65: BGS, JNUG
- Up against the 65: GPC
- Up against the 28: LMT, WBA
- Up against rising trend line resistance: $HGX
- Up against some falling trend line resistance: AVAV, $INDU, MET
- Moderately overbought: APD, COST, $INDU, MSFT, RGR, SU, XOM
- Overbought: BNS, EBAY, FL, WBD, $XOI
- Toppy: AMAT, ASA, COPX, EWA, GDX, M, NFLX, RGLD, SIL, VALE, $XAU
- ABEWISUF: A, ADX, AGX, B, BITQ, BITW, BMY, ETCG, SCHD, VFC, WU
- 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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