- Yi: + 61.95
- Attempting to bottom out: RGR
- Moderately oversold: QID, SPXU, $UST3M
- Up against the 65: PFE, TSL, TSLA
- Up against the 28: COPX, CSCO, GM, XRX
- Up against falling trend line resistance: IVW, $NDX, QLD, QQQ, SCHB
- Moderately overbought: AVAV, C, HBI, NOBL, NTAP, OMC, QCOM, QRTEA, RIOT, SEE, $SPX, T, VYX
- Overbought: LIN
- Toppy: AFL, APD, FL
- ABEWISUF: $GASO, $BTCUSD
- 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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