- Yi: + 50.74
- Moderately oversold: ROK, STX, SU, TSL, TSLA, UGA
- Trying to hold some rising trend line support: SCHX, SPWR
- Attempting to hold the 28: BITO, CPB, GBTC, INTC, JNUG, NTAP, OMC, PM, RGLD
- Attempting to hold the 65: BMY, D, GOLD, OIL, QQQ, RGR, $XAU, $XOI
- Up against the 28: CSL
- Moderately overbought: LOW
- Overbought: $HGX, LEN, PPLT, WSO
- Toppy: ACVF, AFL, C, CMG, $INDU, IVW, JPM, MET, $SPX
- ABEWISUF: EWA, MKC, UUP, VFC
- 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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