- Yi: + 84.8
- Attempting to bottom out: X
- Trying to bounce: LIN, $USD, $XOI
- Attempting to hold the 28: UUP
- Up against the 65: BITO, ETHE, GBTC, MARA, $SILVER, USB, VFC
- Up against the 28: $BTCUSD, BITQ, NOBL
- Up against some falling trend line resistance: RGLD, SEE, SIL, $XAU
- Moderately overbought: ANF, PPLT, TUP, UNG, YYY
- Overbought: PG
- ABEWISUF: OMC
- 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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