- Yi: + 46.82
- Attempting to bottom out: BAL, BIDU, $COTTON, STX
- Attempting to hold the 28: BEN, ETCG
- Attempting to hold the 65: MARA
- Up against the 65: DBA
- Up against the 25: TSLA
- Moderately overbought: F
- Toppy: CPB, GIS, $INDU, IYJ, KHC, LMT, MMM, NOBL, ORCL, WBA
- ABEWISUF: APD, BITW, TROW
- 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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