- Yi: + 79.7
- Attempting to bottom out: BIDU, CBRL, $NDX, $SPX, TUP
- Trying to bounce: ANF, QLD, QQQ, SCHB, SCHX, $SPX, STX, XLK
- Moderately oversold: AMZN, META
- Trying to hold some rising trend line support: AU, GOLD
- Attempting to hold the 65: SIL, $SILVER, SIVR
- Up against the 65: $BTCUSD, F, NYCB
- Up against the 28: BITW, GBTC, MET, SDY, UNG, WBD
- Up against some rising trend line resistance: MAIN
- Up against some falling trend line resistance: ETHE, NOBL, PM
- Moderately overbought: PM, SPXU
- Overbought: LMT
- ABEWISUF: ETCG, IBM, MED, $UST30Y, VYX
- 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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