- Yi: + 97.75
- Attempting to bottom out: BGS, SPXU, XRX
- Trying to bounce: CAR, CBRL, HBI, HSY, KHC, QID, QRTEA
- Trying to hold some rising trend line support: ANF. UUP
- Attempting to hold the 28: $GASO, WGMI
- Attempting to hold the 65: MSFT
- Up against the 65: SEE
- Up against the 28: BITW, FL, GT, TAP
- Up against falling trend line resistance: BIDU, BMY, MMM, NOBL
- Up against rising trend line resistance: FLR
- Moderately overbought: GOLD, MKC, OMC, SIL, STX
- Overbought: AEM, GDX, GLW, JNUG, SCHB, SCHX, $XAU
- Toppy: C, NTAP, TSM
- ABEWISUF: BA, DJT
- 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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