- Yi: + 59.3
- Attempting to bottom out: CPB, GDX, HSY, MET, NOBL, $NYA50R, RGLD, SDY, WY
- Extremely oversold: BGS
- Oversold: AIG, BAC, $GASO, MET, $NYA50R, WHR, YYY
- Moderately oversold: C, F, XRX
- Trying to hold some rising trend line support: NTAP
- Trying to hold some falling trend line support: BITQ, WBD, WOLF
- Moderately overbought: TSLA
- Overbought: $UST30Y
- Toppy: UUP
- ABEWISUF: CMG
- 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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