- Yi: + 67.78
- Attempting to bottom out: $UST3M
- Moderately oversold: GOOG
- Attempting to hold some falling trend line support: PFE
- Attempting to hold the 65: AMZN, BIDU, INTC, $NDX, QLD, QQQ, TSM, XLK
- Up against the 65: QID, UUP
- Up against the 28: BMY, GIS
- Up against some falling trend line resistance: $USD
- Moderately overbought: BEN, CAT, CLF, FLR, USB, WOLF
- Overbought: AEM, BA, IBM, $NYA50R, SIL, YYY
- Toppy: BA, GDX, GE, GOLD, IBM, JNUG, RGLD, T, $XAU
- ABEWISUF: WY
- 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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