- Yi: + 97.0
- Attempting to bottom out: AVAV, COPX, DELL
- Trying to bounce: BIDU, M, MSFT, QCOM, QLD
- Moderately oversold: $CRB, $GASO, PPLT, QQQ, $SILVER, SIVR
- Trying to hold rising trend line support: BA, F
- Attempting to hold the 28: BGS, CAKE, CBRL, DJT, T, $XOI
- Attempting to hold the 65: C, INTC, JNUG, SCHB, SEE
- Up against the 28: GOOG, IVW, NTAP, ORCL
- Moderately overbought: BITO, QID, USB
- ABEWISUF: BMY, D
- 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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