- Yi: + 48.11
- Attempting to bottom out: KHC, NCR, T, TROW
- Oversold: CVS
- Moderately oversold: BAC
- Attempting to hold the 28: GIS, TSL, TSLA
- Attempting to hold the 65: QID, RGR
- Up against the 65: ASA, GDX, GM, GOLD, IP, JNUG, MMM, $NDX, QQQ, SCHX, VFC, $XAU
- Up against the 28: IVW, MSFT, NOBL, NTES, QLD, WBA, XOM
- Up against rising trend line resistance: $GASO
- Up against some falling trend line resistance: AGX, IYE
- Moderately overbought: CAT, 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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