- Yi: + 85.03
- Attempting to bottom out: CBRL
- Moderately oversold: $GASO, RGR, $UST30Y
- Trying to hold some rising trend line support: F, WHR
- Attempting to hold the 28: M, GPC, TSL
- Up against the 65: CSX, ETCG, META
- Up against the 28: CSCO
- Moderately overbought: GOOG, MKC, MMC, SDY
- Toppy: AIG, APD, CAR, DD, $NYA50R, NYCB, YYY
- 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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