- Yi: + 85.5
- Attempting to bottom out: INTC, STX, WBD
- Moderately oversold: $PLAT
- Attempting to hold the 28: BMY, $BTCUSD
- Attempting to hold the 65: APD, HBI
- Up against the 28: BEN
- Up against some falling trend line resistance: GDX
- Moderately overbought: GIS
- Toppy: $CRB, $GASO, TAP
- ABEWISUF: LIN, RGR, USB
- 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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