- Yi: +19.95
- Trying to bottom out: PEGI, SBUX, S, $USD
- Average oversold: CHK, GBTC, HSY
- Moderately oversold: AHH, BGS, CMG, NTES
- Trying to hold rising trend line support: JO
- Attempting to hold the 65 DMA: ANF, $GOLD, GT, UNG
- Up against the 28 DMA: KOLD
- Up against the 65 DMA: CSL
- Up against falling trend line resistance: MMC
- Moderately overbought: AMTD, NOK, NIB, P
- Average overbought: EBAY, IR, MSI
- Toppy: LMT and TWTR
- 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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