- Yi: +56.18
- Attempting to bottom out: $VIX
- Moderately oversold: CSIQ, GT
- Trying to hold rising trend line support: Z
- Trying to hold falling trend line support: RGLD
- Attempting to hold the 28: B, $COPPER, MAT, SPWR, $UST30Y, VALE
- Attempting to hold the 65: GFI, $USD, VGK, XOM
- Moderately overbought: BEN, CVS, GLW, PHI
- Overbought: ORCL
- Toppy: ANF, TSL, TSLA
- A breakout either way is setting up for: BAC, BIDU, $BTCUSD, GE
- 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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