- Yi: + 97.8
- Extremely oversold: SPXU
- Moderately oversold: $GASO
- Trying to hold some rising trend line support: AAPL. $SPX, VGK
- Attempting to hold the 28: IVW, ORCL
- Attempting to hold the 65: BIDU, SIVR, X
- Up against some falling trend line resistance: CSCO
- Up against rising trend line resistance: MMC
- Moderately overbought: AIG, APD, BEN, BITW, CAT, CSX, DD, ETHE, GBTC, LIN, LMT, MARA, PFE, RIOT
- Overbought: BAC, BITQ, GDX, GOLD, $HGX, MET, $NYA50R, RGLD, WGMI, $XAU
- Toppy: AAPL, AU, B, FLR, GLW, JNUG, SCHB, SCHX, $SPX, $XAU
- 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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