- Yi: + 68.8
- Trying to bottom out: IYG, $LUMBER, MS, MTH, $PLAT
- Moderately oversold: ALEX, AMP, BITQ, BNS, CAKE, CBRL, CG, ETCG, $GASO, RY, TD, TPR
- Trying to hold some rising trend line support: AVGO
- Attempting to hold the 28 DMA: BABA, GEF
- Attempting to hold the 65 DMA: BAL, SPWR
- Up against the 28 DMA: AGX
- Up against some falling trend line resistance: DBI, MED
- Moderately overbought: AVAV, CL, KMB, LMT, PFE, PM
- Overbought: UNG
- Toppy: PAYX
- Going parabolic: MRK
- Anything posted may be in error.
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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