- Yi: + 86.5
- Attempting to bottom out: BEN, BIDU, QID, WY
- Trying to bounce: CPB, CSCO, GIS, GM, SDY
- Moderately oversold: CAT, F, HSY, IBM, KHC, NOBL, $NYA50R, OMC
- Trying to hold some rising trend line support: COPX
- Attempting to hold the 28: AU, COPX, GE, YYY
- Attempting to hold the 65: GDX, STX, VYX, XLK
- Moderately overbought: BBY
- Extremely overbought: ANF
- Toppy: IVW, NTAP, $SILVER, SIVR
- ABEWISUF: BA, CAR, NYCB, RIOT, WMT
- 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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