- Yi: + 49.61
- Attempting to bottom out: QID, SPXU, $VIX
- Moderately oversold: D, MAT, SEE, WHR
- Trying to hold some falling trend line support: KHC
- Attempting to hold the 28: BBY, $BTCUSD, CSIQ, IP, $NYA50R, O
- Attempting to hold the 65: BEN, BITO, BITQ, CMG, COST, $DJW, DM, EBAY, SHAK, WBD, XMMO
- Toppy: AAPL, BAC
- ABEWISUF: MTH, WOLF
- 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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