- Yi: + 65.28
- Attempting to bottom out: CNK, RGR
- Moderately oversold: QID, SPXU
- Attempting to hold the 28: $UST30Y
- Attempting to hold the 65: $USD, $UST3M, UUP
- Up against the 65: BA, BBY, CLF, GFI, HGX, MARA, META, NTAP, $NYA50R
- Up against the 28: BGS, GOLD, GPC, NOBL, WBD
- Up against rising trend line resistance: CSCO, GOOG
- Up against some falling trend line resistance: MKC, SIL, VGK
- Moderately overbought: APD, BIDU, BITW, CAT, ETCG, IVW, $NDX, QLD, QQQ, SCHX, $SPX, TSL, TSLA, XLK, XRX
- Overbought: SIVR
- ABEWISUF: CSX, HBI
- 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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