- Yi: +23.73
- Average oversold: MED
- Moderately oversold: CORN
- Trying to hold rising trend line support: $SILVER
- Attempting to hold the 65 DMA: CSCO, DBA, SOYB
- Attempting to hold the 28 DMA: GBTC, RRGB, LYFT
- Up against the 65 DMA: EGPT, MBI, PAYX, SEE, UTX, UUP
- Up against the 28 DMA: S and TWTR
- Moderately overbought: BABA, BMY, COPX, CWI, $DJW, EFV, FNDF, FXI, GF, GILD, HD, $HGX, HMC, HPQ, IFN, JPM, KLIC, LM, MCHP, MDC, MET, $NDX, NFLX, PPG, PRU, RGR, $SPX, SWK
- Average overbought: GS, MAN, $NYA50R, PAG
- Toppy: ATI, CAT, CRUS, CW, GM, RS, Z
- Anything posted 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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