- Yi: + 52.18
- Attempting to bottom out: AEM, AU, CVS, HBI, IYE, JNUG, NEM, $PLAT, $XAU
- Oversold: APD
- Trying to hold some rising trend line support: IWM, QCLN, RGR, SDY, TUP, WBA
- Attempting to hold the 28: BGS, CLF, FCX, MARA, ORCL, T, X, YETI
- Attempting to hold the 65: BBY, CSL, GBTC, MAT, NTAP, NTES, $NYA50R, PFF, PYPL, RIOT
- Up against the 28: $GASO, $XOI
- ABEWISUF: B, CBRL, CNK, KR, ROK, XRX
- 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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