- Yi: + 51.6
- Attempting to bottom out: HBI, SPXU, VLY
- Moderately oversold: CAR, PHI, QCOM
- Trying to hold some rising trend line support: DM, NFLX
- Attempting to hold the 28: $BTCUSD, $GOLD, GOLD, MAT, NFLX, UGA
- Attempting to hold the 65: BITW, GBTC, JNUG, $LUMBER, MSFT, NTES, PPC, RGR, SIL, VOX, WBA
- Up against rising trend line resistance: GE
- Moderately overbought: $HGX, IYJ, LEN, $NYA50R, WHR, WSO
- Overbought: MTH, PM
- Toppy: BITQ, COPX, CWI, $DJW, JPM, M, MARA, ORCL, $UST3M, WGMI
- ABEWISUF: SEE, WOR
- 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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