Yi: +24.48
Moderately oversold: LL
Attempting to hold the 28 DMA: CRUS and JJNTF
Up against the 65 DMA: LYFT and WEC
Up against the 28 DMA: $UST3M and YETI
Up against falling trend line resistance: NOW
Average overbought: ALL
Getting toppy: AVAV, AVP, B, STMP
A break out either way setting up for: BBY, DRI, F, FL, GE, IAU, KO, NTR, $USD, XRX
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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