- Yi: +70.94
- Attempting to bottom out: AEM, OLLI, V
- Extremely oversold: VXX
- Oversold: V
- Moderately oversold: AMAT, OLLI, WDC
- Trying to hold some rising trend line support: AMAT
- Attempting to hold some falling trend line support: MU
- Up against some falling trend line resistance: D, OMC
- Moderately overbought: $CRB, DBA, NSC
- Overbought: AMP, CAR, MAIN, MS
- Toppy: AFL, AMP, BNS, CVY, MET, MS, NTAP, NYCB, PRU, SCHW, USB
- 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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