- Yi: +45.23
- Moderately oversold: MED, NUS
- Attempting to hold the 28: BABA, BGS, D, PEG, YUMC
- Up against the 65: UNG, $UST30Y
- Up against the 28: CSCO, WOLF
- Up against some falling trend line resistance: $CRB, CVS, KLIC
- Moderately overbought: $HGX, $LUMBER, MTH, $SUGAR
- Toppy: HRB, T
- ABEWISUF: DBI, FL, GILD, JWN, PAYX
- 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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