- Yi: + 46.57
- Attempting to bottom out: GOLD, NEM, $PLAT, PPLT, $SILVER
- Moderately oversold: IYE, QCOM, WY
- Trying to hold rising trend line support: CLF, MAIN, WHR, X
- Attempting to hold the 28: COST, FL, $GOLD, MAIN, MET, MSFT, MTH, $NDX
- Attempting to hold the 65: WOR
- Up against the 65: PG
- Up against the 28: COPX
- Moderately overbought: GIS
- Toppy: ATI, ETN, OMC, TKR
- ABEWISUF: CVS, KHC, VGK
- 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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