- Yi: + 53.38
- Attempting to bottom out: AEO, JACK
- Moderately oversold: $COTTON, CPB
- Trying to hold some rising trend line support: BEN, GILD
- Attempting to hold the 28: STX
- Attempting to hold the 65: CANE, GILD, TROW
- Up against the 65: CSX, FAST, TWTR
- Up against the 28: ETN, KODK, NEM, QRTEA, SLV, YETI
- Up against some falling trend line resistance: SLVO, XRX
- Moderately overbought: ALV, $COPPER, MED, PAYX, $PLAT, PPLT, SIL
- Toppy: $COFFEE
- A break out either way is on the way for: BABA, CSCO, GPC, $HGX, IYG, MJ, NDAQ, ORCL, PEG, PHG, PM, $SPX, YYY
- 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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