- Yi: + 47.6
- Attempting to bottom out: BBY, SPWR, TUP, WOLF, YYY
- Attempting to hold some rising trend line support: SPXU
- Up against some falling trend line resistance: BAL, GPC
- Up against the 65: EFV, F, GT, PM, XMMO
- Up against the 28: EWA, FCX, HPQ, IYE, IYJ, RGR, VOT, WBA, $WTIC
- Moderately overbought: $GASO
- Overbought: GFI
- Toppy: GFI
- ABEWISUF: AGX, CSIQ, FLR
- 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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