- Yi: + 87.88
- Attempting to bottom out: BMY
- Trying to bounce: CSX, XRX
- Moderately oversold: AMZN, $GASO, ORCL
- Trying to hold some rising trend line support: USB
- Attempting to hold the 28: DELL, GOOG, M, MARA, META, MSFT, QLD, SCHB, SCHX
- Attempting to hold the 65: BITQ, IVW, $NDX, $PLAT, QQQ, RGLD, $SPX, TSM, UNG
- Up against the 65: AIG, BGS
- Up against the 28: MED, NOBL
- Up against falling trend line resistance: WBD
- Moderately overbought: FL
- ABEWISUF: AU, BITW, ETHE, GDX
- 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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