- Yi: + 96.4
- Moderately oversold: ANF, DELL, META, MSFT, QCOM, QLD, TSM, XLK
- Trying to hold some rising trend line support: AAPL, $SILVER
- Attempting to hold the 28: MAIN, $SILVER, STX
- Attempting to hold the 65: CLF, SCHX, $SPX
- Up against the 65: SPXU
- Up against the 28: XRX
- Up against some falling trend line resistance: GIS, GT
- Up against some rising trend line resistance: LMT
- Moderately overbought: BBY, GT, HBI, HSY, MKC, NOBL, PFE, SDY, TAP, VFC, WY, $XOI
- Overbought: CPB, F, $GOLD, IBM, T, VYX
- Toppy: AIG, BAC, CPB, CSX, F, GDX, GOLD, IBM, MET, MMC, NOBL, PM, RGLD, SIL, VYX
- ABEWISUF: TSL, TSLA
- 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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