- Yi: + 82.18
- Attempting to bottom out: BGS, CAR, CBRL, SPXU, WOLF
- Attempting to hold the 28: $CRB, $UST30Y
- Attempting to hold the 65: UUP
- Up against the 65: MMM
- Up against the 28: LMT, NTAP
- Up against some falling trend line resistance: STX, X
- Moderately overbought: BBY, BIDU, C, GLW, GPC, $HGX
- Overbought: DELL
- Toppy: B, DD, FL, IVW, MMC, NOBL, PG, SCHB, SCHX, SDY, $SPX, VGK, YYY
- Going parabolic: GE
- ABEWISUF: BAC, CPB
- 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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