- Yi: +4.48
- Attempting to bottom out in this area: ATI, BBGI, $GASO, HRB, IP, M, TROW, UGA
- Moderately oversold: GIS
- Attempting to hold the 28 DMA: FXP and QID
- Up against the 65 DMA: AEM, AXP, CAR, CBRL, F, HA, IR, JNPR, LIN, LYFT, MCHP, MCO, MS, MSFT, MU, ORCL, PCFRY, PPC, SHAK, SPWR, UBER, UIS, Z
- Up against the 28 DMA: CIEN, GOLD, MRVL, NTES, NVDA, STMP, STX, TD, TSN
- Up against falling trend line resistance: AAPL, APD, AVGO, B, BBL, BBY, BIDU, CSX, DRI, ETN, HAS, HD, IBM, LOW, LYFT, MAIN, MANT, MCHP, MSFT, NSC, OLLI, OMC, PINS, RGLD, UBER, XLK
- Moderately overbought: $GOLD, IAU, NEM
- 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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