- Yi: + 61.73
- Attempting to bottom out: BMY, MED
- Trying to hold rising trend line support: QID
- Up against the 65: COPX, HSY
- Up against the 28: CSX, GLW, TAP, $XOI
- Up against some falling trend line resistance: CSCO, FLR, GT, NTAP, WY
- Up against rising trend line resistance: LIN, RIOT, WGMI
- Moderately overbought: AFL, AIG, APD, BA, BAC, BITQ, CAR, D, DELL, IVW, KHC, MAIN, MMC, MMM, $NDX, $NYA50R, ORCL, QLD, QQQ, SCHX, SDY, $SPX, $UST3M, $UST30Y, VGK, WBD, XLK, YYY
- Overbought: IBM
- Toppy: CLF, CMG, BTC
- ABEWISUF: TUP
- 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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