- Yi: + 43.36
- Oversold: HSY, PFE
- Moderately oversold: CSCO, DYN, GILD, KHC, PEG, TAP, WEC
- Trying to hold some rising trend line support: AXP, HPQ, $INDU, NOBL
- Attempting to hold the 28: BAC, CSX, FL, FLR, IP, IYJ, JPM, $PLAT, QLD, SCHB, SCHX, $SPX, TROW, VFC, XLK
- Attempting to hold the 65: ACVF, CAT, COST, D, F, GM, MMC, OMC, ROK, WOR, XMMO, XOM
- Toppy: ATI, BEN, GF, MAIN, NTES
- ABEWISUF: ASA, AU
- 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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