- Yi: + 79.95
- Attempting to bottom out: CBRL, PFE, QRTEA, VFC
- Moderately oversold: APD, BGS, BMY, $BTCUSD, CAKE, CNK, DD
- Trying to hold some rising trend line support: BIDU
- Attempting to hold the 28: FLR, TSM
- Attempting to hold the 65: MAIN, X, $XOI
- Toppy: AMZN, CMG, GFI, GOOG
- ABEWISUF: GE
- 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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