- Yi: + 52.64
- Attempting to bottom out: AVAV, BIDU, BITW, $COPPER, COPX, CPB, FCX, FL, FXI, MED, PPLT, SCHH, $SILVER, SIVR, TROW, VALE, WBD, WEC, $XAU
- Extremely oversold: T, VFC
- Oversold: AEM, LMT, RGLD, WEC, $XAU
- Moderately oversold: CAT, OMC, PEG, RGR, SIL, TAP, XLB
- Trying to hold some rising trend line support: MAT
- Attempting to hold the 28: PPC
- Up against the 65: MET
- Up against the 28: EBAY, MAIN
- Up against some rising trend line resistance: ORCL, NFLX
- Up against falling trend line resistance: TSLA
- Moderately overbought: $USD
- Toppy: ORCL
- A break out either way is setting up for: BAC, CMG, $HGX
- 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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