- Yi: + 45.32
- Oversold: WOLF
- Moderately oversold: UUP
- Attempting to hold the 28: $LUMBER
- Attempting to hold the 65: QLD
- Up against the 65: TSLA
- Up against the 28: $GOLD
- Moderately overbought: $BTCUSD, ETHE, KR, MMM, PM, SIL, VGK, VOT
- Overbought: ADM
- Toppy: A, GILD, T
- ABEWISUF: MMC
- 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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