- Yi: + 84.55
- Attempting to bottom out: CSX, FL, MARA, WGMI
- Moderately oversold: ANF, BEN, BIDU, GT, $HGX, IBM, LIN, $NYA50R, OMC, WY
- Attempting to hold the 28: C, CNK, NTAP
- Attempting to hold the 65: F, GM, MKC, USB
- Attempting to hold some rising trend line support: RGR
- Up against the 65: $UST3M
- Up against the 28: M, X
- Up against rising trend line resistance: $UST30Y
- Moderately overbought: $UST30Y
- 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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