- Yi: + 83.42
- Attempting to bottom out: GT, WBD
- Moderately oversold: MSFT, RIOT, XRX
- Trying to hold some rising trend line support: $UST30Y
- Attempting to hold the 28: WGMI
- Attempting to hold the 65: AMZN, F, MARA
- Up against the 28: PFE, T
- Up against rising trend line resistance: BAC
- Moderately overbought: APD, MET, SIL
- Overbought: AVAV
- Toppy: ANF, CMG, CSX
- 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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