- Yi: + 66.76
- Attempting to bottom out: CPB, GIS, KHC, $USD
- Moderately oversold: OMC
- Attempting to hold the 65: BIDU
- Up against so falling trend line resistance: CSX, WBD
- Up against some rising trend line resistance: CBRL, NOBL, QQQ
- Moderately overbought: $GOLD, GOLD, IBM, INTC, MAIN, MSFT
- Overbought: IVW, $NDX
- Toppy: $SPX, TSL
- ABEWISUF: APD, CLF, ETCG, MKC, $UST3M
- 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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