- Yi: + 71.49
- Moderately oversold: AAPL, GFI, JNUG, NTAP, XLK
- Trying to hold some rising trend line support: SIVR
- Attempting to hold the 28: BITO, ETHE, $NDX, QQQ, TSM, TUP, WOLF
- Attempting to hold the 65: CLF, COPX, F, GE, GLW, $NYA50R, SCHB, SCHX, $SPX
- Up against the 65: MMM, SPXU, TAP
- Up against some falling trend line resistance: GIS, UUP
- Moderately overbought: AFL, HSY, KHC, PFE, PM
- Toppy: NOBL, SDY
- ABEWISUF: NYCB
- 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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