- Yi: + 50.68
- Trying to bottom out: SIL, SPXU, X
- Extremely oversold: VLY
- Oversold: MED
- Moderately oversold: BITW, WBA
- Attempting to hold the 28: CWI, EFV, $NYA50R, ROK, SIVR, WGMI
- Attempting to hold the 65: DB, MAT, VGK
- Trying to hold some falling trend line support: ANF, CBRL, CLF, SPWR
- Trying to hold some rising trend line support: AEM, BITQ
- Up against rising trend line resistance: GPC, $UST3M
- Up against falling trend line resistance: TKR, $VIX
- Toppy: AAPL, LIN, XLK
- Going parabolic: TAP
- ABEWISUF: CPB, NTES, ORCL, PG, RGR
- 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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