- Yi: + 63.86
- Attempting to bottom out: AU, GFI, JNUG, $PLAT
- Moderately oversold: AAPL, C, CSX, D, GOLD, $NYA50R, PFE, $PLAT, QRTEA, $SILVER, SIVR, WY
- Trying to hold some falling trend line support: MAT
- Attempting to hold the 28: NTAP, YYY
- Attempting to hold the 65: META, MKC
- Up against the 65: DELL
- Up against the 28: GBTC
- Moderately overbought: NCR, RGLD, RGR, $UST30Y
- Toppy: IBM, MAIN, PG
- 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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