- Yi: + 86.1
- Attempting to hold the 28: APD, PPLT
- Attempting to hold the 65: MMC
- Up against the 65: CSX, MARA
- Up against the 28: ETHE, QRTEA, VYX, WBD
- Up against some rising trend line resistance: COPX, $GOLD, IVW, MAIN, MET, $SPX
- Up against some falling trend line resistance: WBD, WOLF
- Moderately overbought: ANF, F, GT
- Overbought: CMG, GM, ORCL
- ABEWISUF: MED
- Anything posted may be way 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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