- Yi: + 88.9
- Attempting to bottom out: MED
- Trying to bounce: X, $XOI
- Moderately oversold: GIS
- Attempting to bottom out: CBRL, WBD
- Moderately oversold: GIS
- Attempting to hold the 28: C, CMG, HBI, HSY, MMC
- Attempting to hold the 65: PFE, SEE, YYY
- Up against the 28: VFC
- Up against some falling trend line resistance: FL
- Moderately overbought: FLR, GE
- Extremely overbought: QCOM
- ABEWISUF: APD, $BTCUSD, TSLA
- 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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