- Yi: + 63.75
- Extremely oversold: T
- Moderately oversold: F
- Attempting to hold the 28: CSX, MARA, QRTEA
- Attempting to hold the 65: DELL
- Up against some rising trend line resistance: NYCB, WY
- Moderately overbought: OMC, TAP
- Overbought: PPLT
- ABEWISUF: B, BITW, GE, QCOM
- 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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