- Yi: + 41.82
- Attempting to bottom out: BITQ, BMY, $INDU, IVW, MKC, TSLA, UNG, VLY, WBA, WGMI, Z
- Extremely oversold: NYCB, QRTEA, WOLF
- Oversold: AA, AIG, B, BAC, GM, GPC, IWM, IYE, IYJ, M, NFLX, NOBL, SCHH, SCHX, $SPX, TROW, UYG, VOX, WBA, $XOI
- Moderately oversold: ACVF, ATI, AXP, CAR, CLF, CSL, CWI, DB, $DJW, FCX, $HGX, MAIN, $NDX, ORCL, QCLN, QLD, SCHD, $UST30Y, VOT, WBD, WOR, WSO, XLB, XLK, XOM
- Attempting to hold the 28: LMT
- Attempting to hold some falling trend line support: HBI, QQQ
- Attempting to hold some rising trend line support: CAKE, CAR, F, VOT
- Up against the 65: RGLD
- Up against the 28: GOLD, JNUG, MARA, NEM
- Up against some falling trend line resistance: GIS
- Moderately overbought: $BTCUSD, $GOLD, QID, SPXU
- ABEWISUF: $COPPER
- 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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