- Yi: + 55.65
- Moderately oversold: CLX, CORN, WEAT
- Attempting to hold some rising trend line support: A
- Attempting to hold the 28: D, MRK, O, PM, TAP
- Attempting to hold the 65: ADM, PFE, WEC
- Up against the 28: QSR, TSLA
- Up against some falling trend line resistance: KR, $UST30Y
- Moderately overbought: JO, TTM
- Toppy: IBM
- Setting up for a break out either way: CSCO, FL, HBI, JNPR, MTH, NTAP, PRU, XOM
- Anything posted here 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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