- Yi: + 84.25
- Extremely oversold: VYX
- Moderately oversold: BA, KHC
- Attempting to hold the 28: $UST30Y
- Attempting to hold the 65: MMC
- Up against the 65: CSCO
- Up against the 28: UNG
- Up against falling trend line resistance: BEN, M
- Up against rising trend line resistance: SCHX, XLK
- Moderately overbought: CNK
- Overbought: $HGX, STX
- Going parabolic: BITO, BITW
- ABEWISUF: $USD, WHR
- Toppy: AMZN
- 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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