- Yi: +14.8
- Attempting to bottom out: AMAT, BBBY, CLX
- Extremely oversold: CRUS
- Average oversold: DE, MMM, NVS, PG
- Moderately oversold: AAPL, BABA, CAT, DWDP, ETN, FB, FNG, GLW, GILD, GOOG, $HGX, HPQ, $INDU, ITW, LMT, MCHP, MU, $NDX, NTR, NVDA, QQQ, QRTEA
- Trying to hold rising trend line support: FSLR
- Attempting to hold the 65 DMA: CW, DAL, NFLX
- Attempting to hold the 28 DMA: AA, CAKE, DLPH, EBAY, DPS, IJH
- Up against falling trend line resistance: HAS
- Moderately overbought: BBGI, GBTC, HLR
- Average overbought: IDA
- Toppy here: I
- A break out up or down is setting up for: COWTF
- 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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