- Yi: +45.67
- Trying to hold some rising trend line support: STX
- Attempting to hold the 28: PPLT, QID, WGMI
- Attempting to hold the 65: BITQ, CBRL, QCOM
- Up against the 65: NOBL, $CRB, TAP, $UST30Y, WBA, $WTIC, $XOI
- Up against the 28: COPX, D, DBO, OIL, $PLAT
- Up against some falling trend line resistance: MKC
- Moderately overbought: LIN, MKC, UGA
- Toppy: AAPL, NDX, XLK
- ABEWISUF: CAR, GF, $HGX, IVW, NCR, SPXU, TUP
- 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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