- Yi: + 43.12
- Attempting to bottom out: AAPL, ADM, CMG, HSY, IVW, LIN, $NDX, QLD, TSLA, VLY, WBA
- Oversold: MSFT
- Attempting to hold the 28: SPXU, UGA
- Attempting to hold the 65: FLR, UGA
- Up against the 65: CAR, TROW
- Up against the 28: APD, BITQ, BITW, F, IWM, KR, RGR, WOR
- Moderately overbought: ATI, GE, PBI, WGMI
- Overbought: GE
- Toppy: GOLD
- 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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