- Yi: + 50.15
- Attempting to bottom out: AXP, BGS, $BTCUSD, COPX, ETCG, FLR, GBTC, GF, GLW, M, QCOM, SIL, VLY, WBA, WOLF
- Oversold: MET, USB
- Moderately oversold: ATI, AU, BITW, CAKE, D, ETHE, LOW
- Trying to hold rising trend line support: RGLD, TAP
- Attempting to hold the 28: GPC, PPLT, LEN
- Attempting to hold the 65: YETI, Z
- Up against the 28: CBRL, OMC
- Up against some falling trend line resistance: QCLN
- Toppy: AAPL
- A breakout either way is on the way for: B, BEN, $HGX, $INDU, MSFT, PHI, SCHB, $SPX, SPXU
- 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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