- Yi: + 86.49
- Trying to hold some rising trend line support: $UST30Y
- Attempting to hold the 28: TSM
- Up against the 28: FL, M, MARA, RIOT, VFC, WBD
- Up against rising trend line resistance: COPX, $NYA50R
- Up against falling trend line resistance: APD, BBY, CPB, GLW
- Moderately overbought: BGS, CAR, CBRL, RGLD, T
- Overbought: LMT, SDY
- Toppy: DD
- ABEWISUF: DELL, ETHE, NYCB, QCOM, QID, QQQ, WGMI
- 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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