- Yi: + 88.77
- Trying to bounce: $GASO, $USD
- Oversold: QID
- Attempting to hold the 28: MAIN
- Attempting to hold the 65: LMT
- Trying to hold rising trend line support: $UST30Y, UUP
- Up against the 65: ETCG, IBM, XRX
- Up against the 28: BEN, BITW, META
- Up against some falling trend line resistance: MARA
- Up against some rising trend line resistance: PM
- Moderately overbought: MSFT, SIVR
- Overbought: AAPL, AFL, DELL, IVW, QCOM, QLD, QQQ, $SILVER, SCHB, SCHX, STX, TSM, VGK, XLK
- Toppy: B, CAKE, COPX, $NDX, $PLAT
- 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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