- Yi: + 62.3
- Attempting to bottom out: AAPL, AEM, AU, $NDX, BBY, BGS, BIDU, BITQ, BITW, COPX, CSX, ETCG, GDX, $GOLD, GT, IVW, JNUG, MED, META, MSFT, NTAP, PM, QCOM, QLD, QQQ, RGLD, SCHB, SCHX, TAP, TSL, TSLA, TSM, VGK, WOLF, WY, $XAU, XLK
- Oversold: BIDU, BITO, $NYA50R
- Moderately oversold: AMZN, BITW, GBTC, $HGX, INTC, LIN, PG, $SPX, UNG, WBD, YYY
- Trying to hold some rising trend line support: CAT, GOOG
- Attempting to hold the 28: BA, CAT, GOOG, TUP, USB
- Up against the 28: LMT
- Moderately overbought: QID, SPXU
- Overbought: UUP
- Toppy: $USD
- ABEWISUF: $BTCUSD, VFC
- 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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