- Yi: + 49.54
- Oversold: GPC
- Moderately oversold: LEN, LIN, MAIN, MTH, NTES
- Trying to hold some rising trend line support: ETN, JPM, VOT
- Trying to hold some falling trend line support: YYY
- Attempting to hold the 28: ETN, GE, $HGX, HPQ, MAT, MKC
- Attempting to hold the 65: CMG, IVW, ORCL
- Up against the 65: CORN
- Up against the 28: M
- Moderately overbought: ANF, $GASO, WOLF
- Toppy: NCR, NTES, STX
- 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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