- Yi: + 59.0
- Attempting to bottom out: BGS
- Oversold: OMC, XLK
- Moderately oversold: AMZN, APD, CSCO, INTC, IVW, LIN, MSFT, $NDX, QLD, QQQ, $SPX, XLK
- Trying to hold rising trend line support: GE, GOLD
- Attempting to hold the 28: ETCG, F, GBTC
- Attempting to hold the 65: BITO, C, MAIN
- Moderately overbought: KNDI
- Toppy: AIG
- 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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