- Yi: + 80.17
- Attempting to bottom out: BITQ, MMM, NYCB, TSL, WHR
- Oversold: TUP
- Moderately oversold: TAP, VFC
- Trying to hold some rising trend line support: CBRL
- Attempting to hold the 65: ANF
- Up against the 65: PFE, QCOM
- Up against the 28: CAR
- Moderately overbought: LIN
- Overbought: CSX
- ABEWISUF: BAC, IBM
- 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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