- Yi: + 62.92
- Attempting to bottom out: CAKE, $GOLD, RGLD
- Attempting to hold the 28: CSCO, $NDX, QQQ, SCHX
- Attempting to hold the 65: IBM, IVW, $SPX
- Up against the 65: HSY, $PLAT, PPLT
- Up against the 28: CNK, QID, VGK
- Toppy: AFL, AMZN
- Moderately overbought: CPB, D, $GASO
- Toppy: META, MMC, $XOI
- ABEWISUF: ETCG, PFE, MED
- 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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