- Yi: + 61.95
- Attempting to bottom out: WHR
- Oversold: CAKE, M
- Moderately oversold: RGR
- Attempting to hold the 28: HBI
- Up against the 65: MSFT, $SILVER, SIVR
- Up against the 28: T, XRX
- Up against some falling trend line resistance: CAR, IVW, $NDX, QLD, QQQ
- Moderately overbought: PFE
- Overbought: $UST30Y
- 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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