- Yi: + 53.65
- Attempting to bottom out: CAR, COPX, GOOG, META, NTAP, TSLA, XRX
- Extremely oversold: B, F
- Oversold: GOOG, PM, QQQ
- Moderately oversold: CSCO, ORCL, RGLD
- Trying to hold some rising trend line support: AFL, MSFT
- Trying to hold some falling trend line support: BBY
- Attempting to hold the 28: AEM, CBRL, T
- Attempting to hold the 65: MSFT
- Up against the 28: AMZN
- Up against some falling trend line resistance: INTC
- Moderately overbought: CLF, IBM
- Overbought: QID
- ABEWISUF: OMC
- 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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