- Yi: + 76.74
- Attempting to bottom out: BITQ, MARA, RIOT, QID
- Moderately oversold: INTC
- Up against the 65: KHC, $SILVER, WHR
- Up against the 28: BITW, M, VFC
- Up against some rising trenf line resistance: T
- Up against some falling trend line resistance: SDY
- Moderately overbought: CAT, MKC, XRX
- Overbought: GOOG
- Toppy: $NDX, NTAP, QCOM
- ABEWISUF: ANF, CMG, FL, $USD, $UST3M, WBD
- 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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