- Yi: + 89.5
- Attempting to bottom out: WY
- Oversold: TAP
- Moderately oversold: CSCO
- Trying to hold some rising trend line support: OMC, VFC
- Attempting to hold the 28: BIDU, DJT, GT, LIN
- Attempting to hold the 65: CAR, GM, META, NYCB
- Up against some falling trend line resistance: $BTCUSD, BITO, GBTC, RIOT, $USD, $UST30Y
- Moderately overbought: AU, BA, BGS, BITO, BITQ, BITW, $CRB, ETCG, GBTC, GDX, $GOLD, JNUG, MARA, VYX, WGMI
- Overbought: ANF, APD, $SILVER, UNG, $XAU
- Toppy: AEM, COPX, NOBL, SDY, T
- ABEWISUF: INTC, KHC, TSM, VGK
- 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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