- Yi: + 60.89
- Attempting to bottom out: A, MKC
- Trying to hold some falling trend line support: BMY
- Attempting to hold the 28: CSCO
- Up against the 65: AU, QCOM, STX
- Up against the 28: CPB, $PLAT, PPLT
- Up against rising trend line resistance: HBI, M
- Up against some falling trend line resistance: $CRB, ORCL, RGR, $UST3M, VGK, $XOI
- Moderately overbought: BA, CBRL, EBAY, FLR, NYCB, SEE, XRX
- Overbought: CAT, MET, WHR
- Toppy: BITQ, CAR, DELL, GE, MARA, NTAP, RIOT
- ABEWISUF: BITO
- 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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