- Yi: + 63.51
- Attempting to bottom out: AU, GDX, $PLAT
- Oversold: CNK, QID
- Moderately oversold: GFI, JNUG, M, $SILVER
- Trying to hold some rising trend line support: BGS, T
- Attempting to bottom out: PPLT
- Attempting to hold the 65: BITQ, SEE, TAP
- Up against the 65: CAT
- Up against the 28: GLW
- Moderately overbought: B, NTAP, TSM
- Overbought: AAPL, ETHE, GBTC, GE, IBM, LIN, MMC, MSFT, $NDX, QCOM, QLD, QQQ, XLK
- ABEWISUF: CPB, DD, MMM, QRTEA, RGLD, $USD, XRX
- 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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