- Yi: +31.29
- Trying to bottom out: RRGB
- Oversold: $UST30Y
- Moderately oversold: AAPL
- Trying to hold the 28 DMA: AMZN, CMG, DB, EBAY, GOOG, $NDX, QLD, RGR, TXN
- Trying to hold the 65 DMA: ATI, FB, MJ
- Up against the 28 DMA: QID
- Up against the 65 DMA: GBTC, NCR
- Moderately overbought: D, HD, IDA, KMB, PRU
- Overbought: $HGX, HSY, IAU, MTH, PG, $SILVER, WHR
- Extremely overbought: WSO
- Toppy: A, CMI, COPX, CVNA, GLD, LIN, MMC, PAG, SMG
- Has gone parabolic: WSO
- Break out either way: AMTC, CALM, CAR, CVS, CW, ETN, HBI, IP, IYE, JPM, MET, NSC, $NYA50R, ROK, SYY, XLE, $XOI
- 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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