- Yi: + 46.35
- Oversold: AU
- Moderately oversold: ACVF, AVAV, B, BAC, BBY, BEN, CMG, CSIQ, $DJW, DM, DYN, F, FXI, $HGX, $INDU, IP, IVW, IWM, IYJ, LEN, LOW, M, NFLX, NOBL, $NYA50R, QCLN, QRTEA, SCHB, SCHX, SDY, $SPX, TROW, UYG, VOT, WOLF, $XOI, XOM, XLB, XRX, YETI, YYY
- Trying to hold some rising trend line support: AIG, ANF, RGR, WHR
- Trying to hold some falling trend line support: HBI
- Attempting to hold the 28: ANF, HPQ, $NDX, QLD, QQQ, RGR, STX, XLK
- Attempting to hold the 65: AAPL, AXP, GM, ROK, TSL
- Up against the 28: MKC, QID
- Moderately overbought: SPXU, $UST30Y
- Toppy: $BTCUSD
- 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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