- Yi: + 53.15
- Attempting to bottom out: AA, CBRL, COPX, LMT, M, MED, NOBL, PG, PPG, XLB
- Extremely oversold: AA
- Oversold: $CRB, MMM, SEE
- Moderately oversold: CAKE, CC, EBAY, GF, IYE, MAT, MET, PPC, $WTIC, $XOI, XOM
- Trying to hold some rising trend line support: QRTEA
- Trying to hold falling trend line support: RGR
- Attempting to hold the 28: AIG, $UST30Y
- Attempting to hold the 65: NCR
- Up against the 65: $COPPER, TAP
- Up against the 28: $GOLD, $NYA50R, PHI
- Moderately overbought: INTC
- Toppy: ANF, $UST3M
- A breakout either way is setting up for: WBD
- 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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