- Yi: + 57.33
- Attempting to bottom out: ETCG
- Extremely oversold: SPXU
- Trying to hold some rising trend line support: MAIN
- Trying to hold falling trend line support: $PLAT
- Attempting to hold the 28: $UST3M, UUP, $XOI
- Attempting to hold the 65: CNK, NYCB, PHI
- Up against the 65: SEE
- Up against the 28: BGS, GPC, UNG
- Up against rising trend line resistance: CSX, WHR
- Up against falling trend line resistance: MMM, NOBL, SDY
- Moderately overbought: CLF, COPX, $INDU, LIN, PFE, WY, X, XLB
- Overbought: CAT
- Toppy: BBY, BEN, C, $HGX, $INDU, IVW, MTH, NCR, OMC, PFE, QCOM, SCHB, SCHX, $SPX, TSL, WSO
- 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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