- Yi: + 55.22
- Attempting to bottom out: BAC, CPB, FL, IP, MED, PM, RGR, VFC, WBD, YETI
- Attempting to hold the 65: $BTCUSD, CSIQ, GT
- Up against the 65: AA, AU, BGS, ETCG, FLR, LIN, $SILVER, SIVR
- Up against the 28: AGX, APD, BEN, CVS, IYE, LEN, MAT, SDY, SPWR, VALE
- Up against some falling trend line resistance: JPM
- Moderately overbought: BIDU, MMM, NTAP
- Toppy: AAPL
- A breakout either way is setting up for: BITO, WOLF
- 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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