- Yi: + 54.94
- Attempting to bottom out: UNG
- Oversold: SPXU
- Attempting to hold the 28: CSIQ, WGMI
- Attempting to hold the 65: INTC
- Up against the 65: AGX, BMY, COPX, PEG
- Up against the 28: AA, $COPPER, $CRB, HBI, IYE, LIN, M, MET, MTH, NOBL, OMC, WBA, $XOI, XOM
- Up against some falling trend line resistance: M, OIL
- Moderately overbought: CAT, CC, CSX, $INDU, $NYA50R, SCHB, SCHX, $SPX, TAP, TROW
- Overbought: AXP, SCHB
- Toppy: BITQ, IVW
- 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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