- Yi: + 44.61
- Attempting to bottom out: QID, USB
- Moderately oversold: $USD
- Attempting to hold the 28: $VIX, WEC
- Up against the 65: LIN, T
- Up against the 28: ACF, $COPPER, CWI, $DJW, QCOM, TROW, TSL, WBD, Z
- Up against falling trend line resistance: ACVF, BITQ, $COPPER, EWA
- Moderately overbought: ETCG, WGMI
- Overbought: QQQ
- Toppy: AAPL, CMG, CSCO, QQQ, XLK
- ABEWISUF: LEN
- 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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