- Yi: + 46.29
- Attempting to bottom out: EBAY
- Moderately oversold: HPQ, $NYA50R, WBA, WY
- Attempting to hold some rising trend line support: CSX, DBO, FL, GPC, PG, XMMO, XRX
- Attempting to hold some falling trend line support: T
- Attempting to hold the 28: CLF, WSO
- Attempting to hold the 65: AA, CAT, FLR, $GASO, UGA, USB, WOR
- Up against the 28: ETHE
- Up against falling trend line resistance: CPB
- Moderately overbought: GBTC
- ABEWISUF: GIS
- 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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