- Yi: + 50.64
- Attempting to bottom out: DM
- Attempting to hold the 28: PEG
- Attempting to hold the 65: B, WSO
- Trying to hold falling trend line support: WBA
- Up against the 65: VOX
- Up against the 28: CAKE, OMC, NFLX
- Up against rising trend line resistance: $UST3M
- Up against falling trend line resistance: EBAY, VOT, $WTIC
- Moderately overbought: CSX, QRTEA, RUM
- Toppy: KHC, $HGX, MSFT, $NDX, YETI, Z
- ABEWISUF: CPB, D, MKC
- 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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