- Yi: + 74.14
- Attempting to bottom out: BA, CNK, GFI
- Moderately oversold: AEM, APD, CLF, ETCG, GDX, PPLT, RGR, WBD, $XOI
- Trying to hold some rising trend line support: C
- Attempting to hold the 28: COPX, BMY
- Attempting to hold the 65: BAC
- Up against the 65: QCOM
- Up against the 28: MMC, $USD
- Moderately overbought: UNG
- Toppy: KHC, OMC
- ABEWISUF: M, NOBL, USB, WHR
- 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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