- Yi: + 73.65
- Attempting to bottom out: QID, SPXU, UUP
- Moderately oversold: CAR, GFI
- Attempting to hold the 28: BITO, CBRL, GT
- Attempting to hold the 65: JNUG, RGLD, TSL
- Up against the 65: PG
- Up against the 28: HSY, UNG
- Up against some falling trend line resistance: BIDU, LMT
- Moderately overbought: BBY, IBM
- Toppy: AMZN, BEN, ETHE, IVW, GLW, $GOLD, MAIN, MMM, $NDX, $PLAT, PPLT, QCOM, QLD, QQQ, SCHB, SCHX, $SPX, STX, TSM, VYX, WY, XLK, XRX
- ABEWISUF: APD, FL
- 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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