- Yi: +0.2
- Now trying to bottom out: ANF, $NDX, SMH, XLK
- Extremely oversold: CSIQ
- Average oversold: CREE, CTB, M
- Moderately oversold: ATI, CAT, CLF, COST, CSCO, EFV, GDDY, GE, HSNI, IJR, MOS, $SPX
- Attempting to hold the 65 DMA here: BMY and DBC
- Attempting to hold the 28 day: AA, FCX, IYG
- Up against the 65 day: DF
- Moderately overbought: CVS
- Toppy here: $BDI
- Anything posted here 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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