- Yi: + 71.32
- Moderately oversold: CAR, MED, $NDX, QLD, QQQ, QRTEA, TSM, VFC
- Trying to hold some rising trend line support: CPB, GIS, MSFT
- Attempting to hold the 28: AFL, APD, B, BBY, CLF, FL, $GOLD, GOOG, HBI, MKC, $NYA50R, QCOM, $SPX
- Attempting to hold the 65: NOBL, $PLAT, SDY, WY
- Up against the 65: MMC
- Up against the 28: FLR, RGR, SPXU, $UST30Y
- Toppy: LMT, PM
- ABEWISUF: CSX
- 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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