- Yi: + 83.0
- Attempting to bottom out: BBY, BEN, META, UNG
- Trying to bounce: CSCO
- Oversold: LIN
- Moderately oversold: CAKE, FLR
- Trying to hold some rising trend line support: $USD
- Attempting to hold the 28: GIS, SPXU, $UST30Y
- Up against the 65: WBD, QRTEA
- Up against the 28: GT, MARA, $SPX, STX
- Up against falling trend line resistance: BA, CSX
- Moderately overbought: APD, BGS, BIDU, PFE, $PLAT, QCOM, SEE
- ABEWISUF: GDX, GM, JNUG, LMT, TSL, 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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