- Yi: + 85.07
- Attempting to bottom out: INTC, VFC
- Trying to hold rising trend line support: DELL
- Trying to hold falling trend line support: TUP
- Attempting to hold the 28: MET, ORCL
- Attempting to hold the 65: $GASO
- Up against the 65: ETHE, XRX
- Up against the 28: AVAV, M, PFE, TSL
- Up against rising trend line resistance: MAIN
- Moderately overbought: $BTCUSD, PPLT, RGR
- Toppy: CAT, $CRB, GDX, GE, $XAU
- ABEWISUF: APD, GPC, MKC
- 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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