- Yi: + 64.7
- Attempting to bottom out: CAKE, CBRL
- Attempting to hold the 28: USB
- Up against some falling trend line resistance: BBY, BMY, WOLF, $XOI
- Up against the 65: BITO, BITQ, CMG, CSX, QCOM, SDY, WGMI
- Up against the 28: BIDU, $BTCUSD, EBAY, INTC, OMC, PM, RGLD, TSM, VGK, WHR
- Moderately overbought: ETCG, GBTC, MMM, PPLT
- Toppy: IBM
- ABEWISUF: AIG, AVAV, DELL, PSQH, WY
- 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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