- Yi: + 51.51
- Attempting to bottom out: CSL
- Oversold: BIDU
- Attempting to hold the 28: CVS
- Attempting to hold the 65: $GOLD, NFLX, PFE, SCHH, WOR
- Up against the 65: $USD
- Moderately overbought: C, JPM
- Toppy: BITO, $BTCUSD, BITW, DBO, EFV, ETCG, FCX, IYE, VGK, WGMI, $XOI
- ABEWISUF: BMY, CSCO, GT, LMT, MARA, NOBL, QQQ, ROK, SDY, $WTIC, XLB, XMMO
- 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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