- Yi: +19.46
- Trying to bottom out: AA, CORN, $CRB, CWI, HRB, JJGTF
- Average oversold: CW and LMT
- Moderately oversold: $COPPER, DE, $DJW, FCX, FNDF, FXI, $INDU, ITW, IYJ, MET
- Trying to hold rising trend line support: A
- Attempting to hold the 65 DMA here: BA, BALTF, BBL, EMR, LOW, MCHP
- Attempting to hold the 28 DMA here: BB, BIDU, CG, CSX, DNB
- Average overbought: GOOG
- Getting a bit toppy here: CAKE, DRI, IQV
- A break out in either direction is setting up for: CLX
- 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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