- Yi : + 40.67
- Attempting to bottom out: AKAM, BITQ, CG, CNK, F, KODK, MAIN, MGA, MS, NCR, $NDX, NTAP, $NYA50R, PEG, PFE, PG, PPC, QCOM, QLD, SCHH, SMH, STX, T, TROW, TXN, UYG, VGK, YYY
- Moderately oversold: SIVR
- Trying to hold rising trend line support: $HGX, $SILVER
- Attempting to hold the 28: FLR, LPI, SU
- Up against the 65: PRU
- Up against the 28: HPQ, SNA, TAP
- Toppy: QID, $USD, UUP, $VIX
- 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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