- Yi: + 80.95
- Attempting to bottom out: BITO, BITQ, CLF, $CRB, ETCG, FL, HBI, IBM, QRTEA, XRX
- Trying to bounce: GBTC, WY
- Oversold: $BTCUSD, XRX
- Moderately oversold: $GASO, GOLD
- Trying to hold some rising trend line support: MET
- Attempting to hold the 28: COPX, DELL, T, $USD, $XAU
- Up against some falling trend line resistance: PFE, TUP
- Moderately overbought: AIG, DD, MMM
- Toppy: MAIN, MMM
- ABEWISUF: STX
- 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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