- Yi: + 67.49
- Attempting to bottom out: CNK, $UST30Y
- Trying to hold some rising trend line support: BAC
- Up against the 28: F
- Up against falling trend line resistance: CPB
- Up against rising trend line resistance: T
- Moderately overbought: GOOG
- Toppy: BA, CSX, DX, QQQ
- ABEWISUF: BEN, BGS, GLW, GM, GT, WY, $XOI
- 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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