- Yi: + 67.03
- Attempting to bottom out: CSCO, $UST3M
- Moderately oversold: $UST30Y
- Attempting to hold the 28: TAP
- Up against the 65: $GASO, $GOLD
- Up against the 28: B, DD, WHR
- Overbought: ANF, CBRL, LIN
- Toppy: GLW, LIN
- ABEWISUF: CAKE, CAR, GFI, GPC, KHC, NOBL
- 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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