- Yi: + 54.7
- Attempting to bottom out: QID, $VIX
- Oversold: CBRL, CPB, GIS
- Attempting to hold some falling trend line support: KHC
- Up against the 65: MAT, PM, T
- Up against the 28: AU, COPX, EFV, PYPL
- Up against rising trend line resistance: NCR
- Up against falling trend line resistance: BEN, BGS, CAKE, EBAY, PPLT, WOLF, XRX
- Moderately overbought: AFL, CAR, CAT, CSL, F, HBI, LEN, LMT, M, OMC, UYG, VOT, WHR, WOR, WSO, XMMO
- Overbought: $HGX, ORCL
- Extremely overbought: TSL
- Toppy: COST, $HGX, ORCL, VOX
- ABEWISUF: GPC, NEM, $SILVER, $USD
- 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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