- Yi: + 62.99
- Attempting to bottom out: GLW
- Trying to bottom out: CBRL, OMC
- Oversold: OMC
- Trying to hold rising trend line support: CSCO, XRX
- Attempting to hold the 28: CMG, IBM, IVW, META, MSFT, $NDX, QQQ, $SPX
- Attempting to hold the 65: BAC, META, USB
- Up against the 65: WGMI
- Up against the 28: $SILVER, SIVR
- Moderately overbought: GOLD, T
- Toppy: TSL, TSLA
- ABEWISUF: BEN, CAT, DD, KHC, MKC, $UST3M
- 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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