- Yi: + 57.7
- Attempting to bottom out: CPB, FL, G, SPWR
- Moderately oversold: AVAV, GOOG, TSM
- Trying to hold some rising trend line support: ORCL, QRTEA
- Attempting to hold the 28: M, MSFT
- Attempting to hold the 65: IVW, $NDX, QLD, QQQ, SCHB, SCHX, TAP, TSL, TSLA, XLK
- Up against the 28: BA, T, WBD
- Overbought: PM
- ABEWISUF: BGS, $XAU
- 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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