- Yi: + 63.65
- Attempting to hold the 28: BITO
- Up against the 65: BA, BAC, COPX, F, FL, GOLD, JNUG, RGLD, WBD
- Up against the 28: GPC, NCR, $SPX, $XAU
- Up against some rising trend line resistance: GOOG
- Up against some falling trend line resistance: $NDX
- Moderately overbought: AU, DD, GFI, QLD, QQQ
- Toppy: GBTC
- ABEWISUF: BMY, PFE
- 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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