- Yi: + 88.08
- Trying to hold some rising trend line support: DELL, MARA
- Attempting to hold the 65: SIL, $SILVER
- Up against the 65: CBRL, CLF, $HGX, $NYA50R, SDY
- Up against the 28: BEN, F, HSY, PG, RGR, WHR
- Up against falling trend line resistance: F
- Moderately overbought: D, LMT
- Overbought: GLW, T
- ABEWISUF: B, JNUG
- 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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