- Yi: + 79.31
- Moderately oversold: GOOG, NTAP
- Trying to hold some rising trend line support: ORCL
- Trying to hold falling trend line support: MED
- Attempting to hold the 28: MSFT, $NDX, QLD, QQQ, XLK
- Attempting to hold the 65: AMZN, IVW, $USD
- Up against the 65: LMT
- Up against the 28: AEM, OMC
- Up against some falling trend line resistance: COPX, TAP
- Toppy: ANF
- ABEWISUF: $BTCUSD
- 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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