- Yi: + 50.0
- Attempting to bottom out: AGX, CAKE, CSL, ETN, HBI, MED, TKR, WOLF, YETI
- Moderately oversold: ETN
- Attempting to hold the 28: F, LEN
- Attempting to hold the 65: CORN, EBAY, GE, GM, IYJ, MTH, NCR, VFC
- Moderately overbought: BMY
- Toppy: GDX, GIS, NEM, PG, PM, XOM
- ABEWISUF: BA, BEN, COPX, FXI, $INDU, IYE, JPM, M, NYCB
- 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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