- Yi: + 41.58
- Attempting to bottom out: BGS, CAR, HBI, IP, LOW, MAIN, QRTEA, SCHH, SYY, TAP, UNG, YYY
- Extremely oversold: BGS
- Oversold: CAR, GM
- Moderately oversold: MSFT
- Attempting to hold the 28: APD, LMT, $NYA50R
- Attempting to hold the 65: DYN, $GOLD
- Up against the 28: DBO, MED, XOM
- Moderately overbought: CLF
- ABEWISUF: B, $COPPER, $HGX, NCR, RGR, YETI
- 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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