- Yi: + 59.23
- Oversold: GPC
- Moderately oversold: CAT, CLF
- Trying to hold some rising trend line support: FLR, QLD, STX
- Trying to hold some falling trend line support: PFE
- Attempting to hold the 28: TUP
- Attempting to hold the 65: AIG, AMZN, STX
- Up against 28: CMG
- Up against some falling trend line resistance: QID
- Moderately overbought: $XOI
- Toppy: $XAU
- ABEWISUF: DELL, HSY, PG, UUP
- 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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