- Yi: +25.78
- Attempting to bottom out: FLO and KMB
- At the average oversold level: CMG
- Moderately oversold: CL, GDDY, IDA
- Trying to hold rising trend line support: FXF
- Attempting to hold the 28 DMA: A, BA, GFI, HD, $HGX
- Up against the 65 DMA: BGS and GBTC
- Up against rising trend line resistance: DBA
- Moderately overbought: BABA, BBL, BBY, FL, FXI, HPQ, NTAP
- At the average overbought level: B, BAC, C, CC, COPX, CSX, CWI, $DJW, EFV, EWI, GF, GS, IP, KLIC
- 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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