- Yi: +16.95
- Trying to bottom out: CORN
- Moderately oversold: AMAT, BABA, BNS and CG
- Trying to hold falling trend line support: EBAY
- Attempting to hold the 28 DMA: AAPL and GOOG
- Up against the 28 DMA: GEF, IP and IR
- Up against the 65 DMA: AVAV and COW
- Up against falling trend line resistance: HPE
- Moderately overbought: BWA, CSL, CTB, CVS, CVY, COF, CSX, CW, $DJW, EFV, EGPT, GLW and GT
- Average overbought: CAKE, CSCO, DFS, DNB, FAST, GE, HD, IJH and IWM
- Extremely overbought: GBTC
- Toppy: DE
- Possible top in this area: CVGRX
- A break out either up or down is on the way for: EROS
- 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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