- Yi: + 60.85
- Attempting to bottom out: AEM, BA, BBY, BMY, CAT, $CRB, D, GM, GT, JNUG, LMT, MED, MKC, MMM, $PLAT, SIL, $SILVER, SIVR, PPLT, WBD, $XAU, $XOI
- Oversold: KHC, MED, TAP
- Moderately oversold: CAT
- Trying to hold some rising trend line support: M, $USD
- Attempting to hold the 28: RGR
- Up against the 65: CBRL, IVW, MMC, ORCL
- Up against the 28: AAPL, BIDU, XLK
- 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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