- Yi: + 76.85
- Attempting to bottom out: BMY, CAR, ETHE, GLW, $NYA50R, PFE, WHR
- Moderately oversold: QCOM, TSM, X
- Attempting to hold the 28: CMG, $PLAT, PPLT, USB
- Attempting to hold the 65: GE, GOOG, MMC
- Up against the 65: AFL, MKC
- Up against the 28: PG
- Moderately overbought: PM
- ABEWISUF: BA, F, FL, GFI, NYCB, UUP, VGK
- 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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