- Yi: + 52.65
- Attempting to bottom out: AU, BGS, GBTC, $GOLD, GPC, PEG, PYPL, T, WBA, WY, YETI
- Oversold: BMY, GPC
- Trying to hold some rising trend line support: XOM
- Trying to hold some falling trend line support: ATI, $XOI
- Attempting to hold the 65: RUM
- Up against 65: BEN, WSO
- Up against the 28: ETHE
- Up against some rising trend line resistance: AAPL, $SPX
- Up against some falling trend line resistance: BA, RIOT
- Moderately overbought: CSCO, ETN, GT
- Overbought: MSFT, NTAP, QLD, TSL
- Toppy: $SPX, UUP
- Going parabolic: $NDX, QQQ, XLK
- A break out either way is setting up for: CAR, DB, LEN, MTH, NCR
- 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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