- Yi: + 47.29
- Trying to bottom out: BEN, $HGX, HRL, IP, META, MTH, WHR
- Oversold: KMB, NUS, TSN
- Moderately oversold: ADM, CMI, CUT, DBI, DD, GEF, GT, M, NVS, ORCL, PM, PPG, RS, STLD, TAP
- Trying to hold rising trend line support: AEM, FLR, $GOLD, TPR, XOM
- Trying to hold falling trend line support: CUT, $NDX, QLD, QQQ, WBA
- Attempting to hold the 28: XOM
- Up against the 28: VLY
- Up against some falling trend line resistance: CVS, TSLA, VLY
- ABEWISUF: B, BAL, BBBY, CAR, COIN, ETN, HRB, IWM, RY
- Anything posted 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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