- Yi: + 82.24
- Attempting to bottom out: CAR
- Trying to bounce: $PLAT
- Extremely oversold: INTC
- Trying to hold some falling trend line support: B
- Attempting to hold the 65: QID, SPXU
- Up against the 65: GOLD, IVW, $NDX, NTAP, QQQ, SCHB, SCHX, $SPX
- Up against the 28: AAPL, AMZN, TSM, TUP
- Moderately overbought: OMC
- Overbought: GOOG
- Toppy: PG
- ABEWISUF: BITW
- 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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