- Yi: + 67.66
- Attempting to bottom out: UNG
- Moderately oversold: DELL, META
- Attempting to hold the 28: BIDU, MMC
- Attempting to hold the 65: WY
- Up against the 65: $USD
- Up against rising trend line resistance: MKC
- Moderately overbought: B, BGS
- Overbought: BBY, BITQ, C, KHC, MARA, NOBL, SDY, WGMI
- Toppy: BEN, CSX, FL, FLR, $NYA50R, OMC, TAP
- 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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