- Yi: +22.34
- Trying to bottom out in this area: GBTC, RGLD. SGGFF, SNAP, STMP
- At the average oversold level: QRTEA
- Moderately oversold: CORN, HBI, JJGTF, SOYB
- Trying to hold rising trend line support: SBUX and TKR
- Trying to hold falling trend line support: DBA and WEC
- Attempting to hold the 65 DMA: MOS
- Attempting to hold the 28 DMA: GT, MBI, MCD, SFTBY, UTX, WY
- Up against the 65 DMA: CHK, NIB, TSLA
- Up against the 28 DMA: CAKE
- Up against falling trend line resistance: AA, $CRB, SU
- Up against rising trend line resistance: MANT
- Moderately overbought: PHI
- A break out either way is on the way for: AVP, NOV, TAP, TROW
- Anything posted on these pages 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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