- Yi: + 48.2
- Attempting to bottom out: CVS
- Moderately oversold: BITO, ETCG
- Attempting to hold the 28: SPXU
- Attempting to hold the 65: UNG
- Up against the 65: AFL, CWI, $DJW, $GOLD, GPC, $INDU, MSFT, PHI, PYPL, QCLN, QLD, SCHB, SIL, VOX
- Up against the 28: DB, IYE, $PLAT, PPLT, SCHX, $SPX, SPWR
- Up against some falling trend line resistance: AVAV, GT, INTC, $NDX, PFE, QQQ, VGK, $XOI
- Moderately overbought: AAPL, C, DM, FAST, SU
- Overbought: ATI, ETN, LIN
- Toppy: AA, ATI, CC, CLF, TKR, WOR
- ABEWISUF: AIG, $USD
- 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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