- Yi: + 51.2
- Attempting to bottom out: QID, SPXU, $USD
- Moderately oversold: D, HBI, MET, $XOI
- Trying to hold rising trend line support: F
- Attempting to hold the 28: BA, PM, RGLD, $UST3M, XOM
- Attempting to hold the 65: DYN, EFV, SU
- Up against the 28: GILD, GPC, MED
- Moderately overbought: ACVF, AVAV, CNK, DM, GM, GOOG, HPQ, HSY, MSFT, NOBL, NTAP, RIOT, SCHX, SDY, SEE, TAP, USB, VLY, XMMO, YETI
- Overbought: BEN, CBRL, CLF, $DJW, EBAY, F, FL, $HGX, IVW, IWM, LEN, MTH, $NDX, NYCB, QLD, QQQ, SCHB, $SPX, STX, TKR, VOX, WSO, XLK
- Toppy: BBY, BITO, C, CAR, CC, COST, GF, $HGX, IYJ, LEN, NCR, OMC, PFF, QCLN, SCHH, SHAK, UYG, VOT, WBD, WGMI, WY, XLB, YYY
- ABEWISUF: BAL, NTES
- 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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