- Yi: + 85.14
- Attempting to bottom out: NYCB
- Moderately oversold: B, WGMI
- Trying to hold some rising trend line support: BAC, GLW, MMC, SDY
- Trying to hold some falling trend line support: HBI, SEE, VFC
- Attempting to hold the 28: APD, BEN, BITO, BITQ, GBTC
- Attempting to hold the 65: BMY, YYY, STX
- Up against the 65: SPXU, X
- Up against the 28: UNG
- Overbought: SIL
- Extremely overbought: COPX
- Toppy: KHC
- 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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