- Yi: + 47.17
- Attempting to bottom out: ADM, LMT
- Oversold: QID
- Attempting to hold the 65: SEE
- Moderately overbought: BGS, C, $CRB, CVY, GOOG, MARA, $NDX, QCOM, QQQ, QRTEA, $SPX, TSLA
- Overbought: BITO, $NDX, STX
- Toppy: DBO, ETHE, PHI, STX, UGA, VOX
- ABEWISUF: DB, LIN, NTES, WOR
- 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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