- Yi: + 59.97
- Trying to hold some rising trend line support: $GASO, MMC
- Attempting to hold the 28: IBM, INTC, LIN
- Attempting to hold the 65: ANF, APD
- Up against the 65: GOOG, $SILVER, SIVR, WBD
- Up against some falling trend line resistance: BAC, KHC, SDY
- Moderately overbought: AFL, GLW, MED, $NYA50R, PG, RIOT, XLK, $XOI, YYY
- Toppy: AAPL, BEN, $BTCUSD, CAT, CSX, ETHE, GPC, MET, NOBL, NYCB, PM, SCHB, WY
- ABEWISUF: G
- 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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