- Yi: 51.17
- Attempting to bottom out: UUP
- Attempting to hold some falling trend line support: SPXU
- Attempting to hold the 28: SCHH
- Attempting to hold the 65: BGS, NEM, STX
- Up against the 28: CAT, FLR
- Up against rising trend line resistance: $GOLD
- Moderately overbought: EWA, FCX, PPLT
- Overbought: ASA, BITQ, $DJW
- Toppy: AEM, AU, AVAV, B, COPX, GDX, GFI, GOLD, JNUG, MKC, RGLD, SIL, $SILVER, SIVR, T, $XAU
- Trying to go parabolic: ETHE, MARA, RIOT, WGMI
- ABEWISUF: COST, CSIQ, NCR, PG, SEE, TSL, TSLA, X, XOM
- 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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