- Yi: + 81.61
- Trying to bounce: INTC
- Oversold: CLF
- Moderately oversold: PPLT
- Trying to hold some rising trend line support: CNK
- Attempting to hold the 65: COPX
- Up against the 65: ANF, GDX, JNUG, MED, $XAU, YYY
- Up against the 28: FLR, MARA, STX, TSL, TSLA, VYX
- Up against some falling trend line resistance: BITW, FLR, $HGX
- Moderately overbought: AVAV, BAC, C
- Overbought: MAIN
- Toppy: GPC
- ABEWISUF: B, DD
- 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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