- Yi: + 61.8
- Attempting to bottom out: BGS, F, $GASO, GM, $HGX, KHC, SEE, WHR, YYY
- Extremely oversold: $GASO
- Attempting to hold the 28: QID
- Attempting to hold the 65: $USD
- Up against the 65: CSCO, GIS, MAIN, OMC, SCHX, $SPX
- Up against the 28: $NDX, QLD, QQQ, RIOT, TSM
- Up against some falling trend line resistance: BEN
- Moderately overbought: META, UNG
- Overbought: CNK
- ABEWISUF: INTC, NCR, TSL, TSLA
- 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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