- Yi: + 93.0
- Oversold: GFI, GIS
- Moderately oversold: LMT, PFE
- Trying to bounce: DELL
- Trying to hold some rising trend line support: HBI, PG, SDY, T
- Attempting to hold the 28: AFL, T
- Up against some falling trend line resistance: MAIN
- Moderately overbought: MMM
- Overbought: MSFT, ORCL, QLD, TSM, XLK
- Extremely overbought: AVAV
- Toppy: AAPL, ANF, AVAV, GM, IVW, META, QQQ, UNG
- Going parabolic: IVW, $NDX, QQQ
- 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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