- Yi: + 51.05
- Trying to bottom out: ADM, AEO, AMP, AVAV, BIDU, CIEN, CNK, GT, HA, IVW, IWM, JACK, JJN, JO, NDAQ, NFLX, NIB, NTAP, PFE, QLD, QQQ, QSR, VOT, WBD, YYY
- Extremely oversold: A, AEO, BITO, BITQ, BITW, $BTCUSD, ETCG, ETHE, GBTC, IWM, $NDX, QQQ, RIOT, VOT, WOLF
- Oversold: CIEN, CNK, HA, HAP, SPWR, TSLA, TTM, VGK, YUM
- Moderately oversold: BABA, CAR, CBRL, CSX, DBA, DE, FB, GEF, LIN, $LUMBER, MGA, NVS, SOYB
- Trying to hold rising trend line support: AIG, BABA, BWA, MED, SDY, SNA
- Trying to hold falling trend line support: AMAT, BEN, CUT, CVY, $GOLD, HOOD, MAIN, MS, OMC, PHG, PPG, SIL, TROW, TSM, VLY, YUMC
- Attempting to hold the 28: UNG, SU
- Attempting to hold the 65: $COTTON
- Up against the 65 day: TSN
- Up against the 28: WEC
- Up against some falling trend line resistance: PPLT
- Overbought: QID
- A bit toppy: $UST30Y
- A break out either way is on the way for: IP, PM
- 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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