- Yi: + 47.88
- Attempting to bottom out: BGS
- Extremely oversold: GBTC
- Oversold: ETHE
- Moderately oversold: $CRB, DBO
- Trying to hold rising trend line support: VALE
- Attempting to hold the 28: $COPPER, IYE, RGR, $XOI, XOM
- Attempting to hold the 65: PPLT
- Moderately overbought: CSCO, M, MED
- ABEWISUF: ATI, BBY, CRBL, F, GE, GT, MAIN, MMM, ORCL, YYY
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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