- Yi: + 54.22
- Moderately oversold: $USD, $UST30Y
- Trying to hold some rising trend line support: WBA
- Attempting to hold the 28: SOYB, TSM, WBA
- Attempting to hold the 65: DWAC
- Up against the 65: GOLD, KR
- Up against the 28: MED
- Moderately overbought: GIS, $GOLD, HRL, PM, SPWR, YETI, YYY
- Toppy: ADM, AVGO, BEN, CSX, D, ETN, F, GEF, GLW, GPC, HRB, $INDU, ITW, IYJ, MGA, NOBL, $NYA50R, OMC, ORCL, PRU, QSR, SDY, SNA, $SPX, VGK, WEC, XLK, XMMO
- ABEWISUF: BITW, NTAP, YUM
- Anything posted on these pages may be way 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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