- Yi: + 66.69
- Trying to bottom out: F, SPXU
- Moderately oversold: CMG, EBAY
- Trying to hold some falling trend line support: HSY
- Attempting to hold the 28: AEM, BGS, CPB, ETCG, $XAU
- Attempting to hold the 65: ETHE, NTAP, QQQ, $SILVER, WY
- Up against the 28: CSX
- Moderately overbought: ANF, HBI
- Overbought: MED, TUP
- Toppy: BAC, $CRB, CSCO, IVW, NOBL, $NYA50R, $XOI
- ABEWISUF: NCR
- 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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