- Yi: 90.43
- Attempting to bottom out: MKC, TAP
- Trying to bounce: CNK, COPX
- Oversold: CLF
- Moderately oversold: $UST30Y
- Trying to hold some falling trend line support: KHC, SPXU
- Attempting to hold the 28: D, ETCG
- Attempting to hold the 65: DD
- Up against the 28 day: GFI, PPLT, RIOT
- Up against some rising trend line support: TSM
- Moderately overbought: BITO, CAKE, GBTC, META, SEE
- Toppy: AAPL, BBY, IVW, $NDX, QQQ
- ABEWISUF: BAC, GPC, $HGX, NOBL, $$NYA50R, SDY, $USD, UUP, X
- 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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