- Yi + 57.65
- Moderately oversold: MMM, ORCL
- Trying to hold some rising trend line support: BGS
- Trying to hold some falling trend line support: CPB
- Attempting to hold the 65: MKC
- Up against the 28: UUP
- Up against rising trend line resistance: OMC
- Up against some falling trend line resistance: IP
- Moderately overbought: GPC, LIN, MMC, X
- Extremely overbought: $HGX
- Toppy: BBY, BITO, PM
- ABEWISUF: C, WGMI, XRX
- 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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