- Yi: +62.29
- Attempting to bottom out: T
- Trying to hold some rising trend line support: F, WBD
- Attempting to hold the 65: CSX, GPC
- Up against the 65: ORCL
- Up against rising trend line resistance: AMZN, $BTCUSD, MAIN, META
- Up against some falling trend line resistance: AVAV
- Moderately overbought: AEM, GDX, GFI, GOLD, JNUG, NOBL, RGLD, SDY, SIL, X, $XAU, $XOI
- Overbought: MAT
- Toppy: AFL, MAT, NYCB, WHR
- Going parabolic: WGMI
- 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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