- Yi: + 49.4
- Attempting to bottom out: $LUMBER
- Attempting to hold the 28: DM, $NYA50R, PHI, TROW, VOT, XLB
- Attempting to hold the 65: ANF, BGS, CORN, IP, QCOM, VFC, XMMO
- Moderately overbought: PPLT
- Overbought: AEM, AVAV, GDX, GOLD, MKC, NEM, RGLD
- Toppy: AAPL, ACVF, ASA, CMG, CWI, $DJW, EFV, HPQ, INTC, LIN, MSFT, MTH, NFLX, OMC, VGK, XLK
- ABEWISUF: CSCO, GBTC
- 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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