- Yi: + 63.62
- Attempting to bottom out: GT, LMT, SEE
- Oversold: FL, GPC, LMT
- Moderately oversold: XRX, YYY
- Trying to hold some rising trend line support: IBM
- Attempting to hold the 28: XLK
- Attempting to hold the 65: CSCO
- Up against the 65: BITO
- Up against the 28: C, D, PM
- Moderately overbought: AFL, MMC
- Overbought: $CRB
- ABEWISUF: ETHE, IVW, JNUG, META, $SPX, SPXU, TUP, $USD, $XAU
- 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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