- Yi: +67.22
- Attempting to bottom out: JO
- Attempting to hold the 65 DMA: $USD
- Up against the 65 DMA: HNI, MAN, TSM
- Up against the 28 DMA: BABA, CAKE, ETCG, IYG, MAIN, TD, USB
- Up against some falling trend line resistance: $INDU, MED, TXN
- Up against rising trend line resistance: BMY
- Moderately overbought: AFL, AIG, ALEX, AMP, CG, CVS, DBI, HOOD, IP, IYJ, JACK, NDAQ, NOBL, OMC, PRU, RGR, RY, WOLF, XMMO
- Overbought: AVAV
- Toppy: AVAV, CAR
- A break out either way is setting up for: CORN
- 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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