- Yi: + 85.3
- Attempting to bottom out: VFC
- Moderately oversold: CAKE
- Trying to hold some rising trend line support: DELL, T, UNG
- Attempting to hold the 28: DELL, GLW, HBI, PG, PM, T
- Attempting to hold the 65: CNK
- Up against the 65: XRX
- Up against rising trend line resistance: MKC
- Moderately overbought: GE, KHC, LMT, UUP, WY
- Toppy: BAC, BBY, CAT, GPC, $HGX, MSFT, NOBL, OMC, SDY, $SPX
- ABEWISUF: B, $PLAT, TUP
- 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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