- Yi: + 97.5
- Attempting to bottom out: AVAV, ETCG
- Trying to bounce: BMY
- Oversold: BITO, ETHE, GBTC
- Moderately oversold: DJT
- Trying to hold some rising trend line support: ANF
- Trying to hold some falling trend line support: GT, MED, SPXU
- Attempting to hold the 65: $UST30Y, $XOI
- Up against the 65: BBY, LIN, PG, QCOM
- Up against rising trend line resistance: SCHB, SCHX, TSM, WGMI
- Moderately overbought: AEM, FLR, GDX, JNUG, MMC, SIVR
- Overbought: AU, GOOG, IVW, META, MSFT, QQQ, $SPX
- Extremely overbought: $NDX, QLD, $SPX
- Toppy: AAPL, MAIN, MSFT, ORCL, QLD, QQQ, $SPX
- ABEWISUF: MMM
- 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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