- Yi: + 63.48
- Attempting to bottom out: AU, $PLAT, QRTEA, WGMI, WOLF
- Extremely oversold: BGS
- Oversold: CAKE
- Moderately oversold: HBI, ORCL, VFC
- Trying to hold some rising trend line support: XLK
- Trying to hold some falling trend line support: CLF
- Up against the 65: $XAU
- Up against the 28: CSX, GOLD
- Up against some falling trend line resistance: MMM
- Moderately overbought: AMZN, APD, TAP, TSL, TSLA
- Toppy: DELL, GOOG, INTC
- ABEWISUF: CAT, T, USB, WHR
- 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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