- Yi: + 63.3
- Attempting to bottom out: $BTCUSD, GS, HOOD, IBM
- Extremely oversold: ORCL
- Moderately oversold: IYG, NIB
- Trying to hold some rising trend line support: DE, IYE, MED, MGA, NVS, O, OMC, $UST30Y, XRX
- Trying to hold falling trend line support: GT, HD, JO
- Attempting to hold the 28 DMA: HAP, IYE, MAN, RYE, SU, XLE, $XOI, XOM
- Attempting to hold the 65 DMA: AVAV, QSR, TD, TPR
- Up against the 28 DMA: CSCO, GIS, IP
- Up against some rising trend line resistance: DWAC
- Up against some falling trend line resistance: CLX, HRL, UUP, WEC
- Moderately overbought: QID
- Overbought: $GOLD
- Toppy: GOLD, HNI
- A break out either way is setting up for: ADM, BMY, $COPPER, PEG
- 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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