- Yi: + 46.13
- Moderately oversold: B, CAKE
- Trying to hold some rising trend line support: PPC, RGR, YETI
- Trying to hold falling trend line support: SIL, QRTEA
- Up against the 65: PM, XOM
- Up against the 28: BITW
- Up against falling trend line resistance: COST, LMT
- Moderately overbought: CSIQ
- Toppy: ETN, GE, LIN, ROK
- 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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