- Yi: -4.45
- Attempting to bottom out: BA, NIB, PEP, $PLAT, WDC, WU
- Extremely oversold: PEP
- Up against the 28 DMA: NFLX
- Up against falling trend line resistance: WEAT
- Moderately overbought: JO
- 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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