- Yi: + 52.33
- Attempting to bottom out: CLF, CORN, CSCO, FCX, $GASO, GM, HBI, PHI, QCOM, TSL, TSLA, USB
- Oversold: CORN
- Extremely oversold: WOLF
- Trying to hold some rising trend line support: $GASO
- Attempting to hold the 28: RGR
- Up against the 65: GBTC, HPQ, NTES, XLB
- Up against the 28: BAL, BBY, CAKE, CC, IWM
- Up against some rising trend line resistance: XOM
- Up against some falling trend line resistance: GT, VLY
- Moderately overbought: AFL, B, NYCB
- ABEWISUF: BA, BITW, GF, $SILVER, $USD, WGMI
- 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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