- Yi: +55.25
- Attempting to bottom out: $GOLD
- Moderately oversold: MANT
- Attempting to hold the 28: HRL
- Up against the 65: FB, IYE, NIB, RYE, XLE, $XOI
- Up against the 28: ALV, BABA, BIDU, BWA, DWAC, JO, LIN, TKR, YUMC
- Up against some falling trend line resistance: HOOD, $WTIC
- Moderately overbought: $GASO, MRK, PAG, SU, UGA
- Overbought: BAL, $COTTON, CPB
- Toppy: KMB, $USD, UUP
- A break out either way is on the way for: $LUMBER, TSLA, TUP, TWTR
- 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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