- Yi: + 60.1
- Attempting to bottom out: AEM, AU, $CRB, GFI, GIS, $GOLD, HSY, KHC, PFE, PPLT, SEE
- Moderately oversold: MKC
- Trying to hold some rising trend line support: OMC
- Up against the 65: CNK
- Up against some rising trend line resistance: CSX
- Up against some falling trend line resistance: BEN, CLF, VFC
- Moderately overbought: B, CAT, MAIN, MAT, MET, PM, WHR
- Overbought: BITQ, LIN, NTAP
- ABEWISUF: AA
- 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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