- Yi: + 43.96
- Trying to bottom out: DWAC
- Extremely oversold: QRTEA, WBD
- Oversold: B, UNG, WBA
- Moderately oversold: KODK, PAG, RGR, VFC
- Trying to hold rising trend line support: AGX, ALEX, BABA, BIDU, COIN, DBI, MET, OIL, PAG, STX
- Trying to hold falling trend line support: AA, AEO, WGMI
- Attempting to hold the 28: GILD, MMC, NDAQ
- Up against the 28: D
- Up against some falling trend line resistance: AVAV, CANE, WEC
- Moderately overbought: QID, $USD, UUP
- Overbought: GIS
- Anything posted may be in error.
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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