- Yi: + 74.25
- Attempting to bottom out: RGR, SPXU
- Moderately oversold: GIS, LIN, MKC, QID
- Trying to hold some rising trend line support: MAIN, WHR
- Attempting to hold the 28: AIG, BAC, F, MARA, WHR
- Attempting to hold the 65: C, DD, PFE, PM, X
- Up against the 65: AVAV, CMG
- Up against rising trend line resistance: GOOG, IVW
- Moderately overbought: AMZN, CAT, ETCG, GE, GOOG, IVW, MSFT, NDX, QLD, QQQ, SCHB, SCHX, $SPX, XLK
- Overbought: GBTC
- ABEWISUF: SDY, UUP, VFC, 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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