- Yi: + 48.1
- Attempting to bottom out: CBRL
- Oversold: OMC
- Attempting to hold some rising trend line support: IP, MDC, MMM
- Attempting to hold some falling trend line support: CIEN, DBI, MTH
- Attempting to hold the 28: FL
- Attempting to hold the 65: WEAT
- Up against the 65: $GOLD, GOLD, KO, NEM, $NYA50R, PEG, SLVO
- Up against the 28: CPB, ETCG, GS, IYG, LMT, PICK, RY
- Up against some falling trend line resistance: HAP
- Moderately overbought: GILD, LIN
- Overbought: UNG
- Setting up for a breakout either way: MCHP, NFLX, NTR, NUS, STLD, $WTIC, XRX, YYY
- 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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