- Yi: + 89.05
- Attempting to bottom out: BMY, RGR
- Trying to bounce: CSCO
- Trying to hold some rising trend line support: CPB, GIS, WBD
- Attempting to bottom out: CBRL
- Attempting to hold the 28: GIS, $HGX, NYCB, OMC
- Attempting to hold the 65: COPX, CPB
- Up against the 65: $USD
- Up against the 28: CSX, LIN
- Moderately overbought: IBM
- Overbought: ETHE
- Toppy: AAPL, ANF, AU, D, GOOG, MSFT, $NDX, SIL, $SILVER, VYX, YYY
- ABEWISUF: SCHB, SCHX, $SPX, XRX
- 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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