- Yi: + 55.25
- Moderately oversold: RIOT
- Trying to hold some falling trend line support: BITW, CBRL
- Attempting to hold the 28: BITQ, GT
- Attempting to hold the 65: MMM
- Up against the 65: D, IP, VFC, WBD
- Up against some falling trend line resistance: RGR
- Moderately overbought: AGX, AFL, MKC, MTH
- Toppy: CSCO
- A break out either way is setting up for: GFI
- 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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