- Yi: +15.45
- Attempting to bottom out: TTM
- Up against the 28 DMA: AIG, BYND, CAR, GLW, HA, HMC, KSS, MAN, MDC, NOW, O, SFIX, UGP, $UST3M
- Up against falling trend line resistance: AEO, CBRL, CNK, CPRI, EGPT, NTR
- Moderately overbought: AMAT, AMP, ANF, APD, DNKN, DRI, EGPT, EMR, GEF, GM, GS, $HGX, IBM, $INDU, IRBT, IYG, LEN, LYFT, MCHP, MTH, NSC, OLLI, PAG, PINS, ROK, SCHD, SCHX, SDY, SEE, $SPX, STX, SWK, TAP, UIS, VOT, WHR, WU, XLE, $XOI, XOM, YETI, YYY
- Average overbought: PEG and QRTEA
- Getting toppy: OLLI and QRTEA
- A break out either way is setting up for: GBTC
- 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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