- Yi: +33.57
- Attempting to bottom out: ANF, AXP, BA, BBL, BWA, BYND, DBI, EWI, $GASO, GLW, HD, $HGX, JACK, KDP, LEN, LOW, MAIN, MKC, MRK, NDAQ, PPLT, RBGLY, RSX, $SPX, SYY, TGT, UGA, UL, VFC, WFC, WSO, $WTIC, XRX
- Average oversold: BYND, MRK, PBI, STMP, TROW, XLK
- Moderately oversold: CSIQ, IRBT, $NDX, PYPL, TSLA, VOT
- Attempting to hold the 28 DMA: $COTTON, PEG, WEAT
- Up against the 28 DMA: AHH, IYE, XLE
- Up against falling trend line resistance: CLX, KHC
- Moderately overbought: CL, SCHW
- Average overbought: UIS
- A break out either way is setting up for: GM, HAS, MAT
- 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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