- Yi: + 78.82
- Attempting to bottom out: APD, LMT, MED, RGLD, TSLA, WOLF, X
- Extremely oversold: WOLF
- Moderately oversold: $NYA50R, $SILVER
- Trying to hold some rising trend line support: ETCG
- Attempting to hold the 28: CAKE, CPB, $GOLD, HBI, OMC
- Attempting to hold the 65: AIG
- Up against the 65: BIDU, GOOG
- Up against the 28: M
- Moderately overbought: $USD, UUP
- Overbought: GE
- Toppy: ANF, $NDX
- ABEWISUF: INTC, MAIN
- 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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