- Yi: + 84.94
- Attempting to hold the 28: BITW, IVW, LIN, $NYA50R, QQQ
- Attempting to hold the 65: BGS, GE, GPC, $HGX, MSFT, NTAP, ORCL, SCHB, SCHX, $SPX
- Up against the 65: UNG
- Trying to hold some rising trend line support: BGS, BITQ, $HGX, $NDX, QLD, QQQ, RIOT, SCHB, SCHX
- Moderately overbought: AU, BIDU, DELL
- Overbought: AEM, GOOG, MMM, UUP
- Toppy: AMZN, CLF, DD, F, FLR
- Going parabolic: $XOI
- 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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