- Yi: + 40.55
- Attempting to bottom out: KR, MMC, QRTEA
- Extremely oversold: $INDU, $NYA50R
- Oversold: NOBL, NTAP, SDY, VGK, VOT, XMMO, $XOI, XOM, YYY
- Trying to hold rising trend line support: WOLF
- Trying ro hold falling trend line support: KLIC, MMM
- Overbought: SPXU
- 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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