- Yi: + 99.5
- Attempting to bottom out: GIS, GT
- Trying to bounce: MED
- Moderately oversold: CMG, LMT, $XOI
- Trying to hold some rising trend line support: MSFT
- Attempting to hold the 28: BA, BITQ
- Attempting to hold the 65: $GASO, MARA, MMC, ORCL, $PLAT, WGMI
- Up against the 65: BITW, NOBL, WBD
- Up against the 28: USB, $USD
- Up against rising trend line resistance: C
- Moderately overbought: BIDU
- Toppy: CNK, TSL, TSLA
- Going parabolic: IVW, QQQ
- ABEWISUF: COPX, $SILVER, SIVR, $UST30Y
- 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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