- Yi: + 66.78
- Attempting to bottom out: $USD
- Attempting to hold the 28: HSY, PG, VFC
- Attempting to hold the 65: MKC, X
- Up against the 65: AU
- Up against the 28: APD
- Up against falling trend line resistance: GDX
- Moderately overbought: FL, USB
- Overbought: BA, M, YYY
- Toppy: BAC, C, CBRL, GE, INTC, $NYA50R, STX, VGK, WY
- ABEWISUF: DELL, GBTC, $HGX, MET
- 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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