- Yi: + 46.73
- Attempting to bottom out: AA, BEN, C, CAR, $CRB, CSL, F, GT, IWM, NOBL, OIL, SPWR, TAP, UNG, VLY, WBA, YYY
- Trying to hold some rising trend line support: SPXU
- Up against the 65: CNK, CWI, $DJW, EBAY, $INDU, STX, VGK, VOT
- Up against the 28: HPQ, OMC, SCHX, YETI
- Up against some falling trend line resistance: FAST, TSLA
- Moderately overbought: BIDU, BITQ, CSCO, ETHE, GOLD, NYCB, $LUMBER
- Toppy: AU, BITO, GBTC, PG, $SILVER
- 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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