- Yi: + 50.72
- Attempting to bottom out: APD, BEN, FL, GPC, MAIN, QCOM, X
- Oversold: AVAV, CLF, COPX, $COPPER, FCX, FXI, NOBL, SDY
- Moderately oversold: AFL, BIDU, $BTCUSD, C, COST, CSX, EFV, EWA, $INDU, INTC, IYJ, $PLAT, PPG, PPLT, SCHH, VGK, WY
- Trying to hold some rising trend line support: UYG
- Trying to hold some falling trend line support: MMM, QID, WBD
- Attempting to hold the 28: GE
- Attempting to hold the 65: BAC, DB, NYCB, PHI
- Up against the 28: DM
- Up against some rising trend line resistance: QLD, QQQ
- 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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