- Yi: + 50.72
- Moderately oversold: PHI, T, VFC
- Attempting to hold the 28: BAL, GE, GLW, TAP
- Attempting to hold the 65: LEN, MAIN, MAT, SDY
- Up against the 65: DBO, OIL, $WTIC
- Up against the 28: IYE, MET
- Up against rising trend line support: OMC
- Toppy: CBRL
- ABEWISUF: BITQ, CAT, DYN, ETCG, GPC, MED, NCR, NFLX, NUS, O, XMMO
- 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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