- Yi: + 50.87
- Attempting to bottom out: BBY, BEN, CAR, CAT, HBI, IP, LMT, MET, MMM, $SILVER, X
- Oversold: D
- Moderately oversold: AEM, ASA, F, GDX, GPC, $GOLD, JNUG, KHC, MAIN, WEC, $XAU
- Trying to hold some rising trend line support: GPC, WY
- Attempting to hold the 28: YETI
- Attempting to hold the 65: TAP
- Up against the 65: M, OIL
- Up against the 28: AFL, BAC, CSCO, XRX
- Moderately overbought: AGX, BIDU
- A break out either way is setting up for: BITW, CSX, CWI, ETHE
- 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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