- Yi: + 58.9
- Oversold: CNK
- Moderately oversold: LIN, STX
- Attempting to hold the 28: APD, BEN, SDY, X
- Attempting to hold the 65: AVAV, BBY, BGS, M, NYCB, SCHB, UNG, XLK, YYY
- Trying to hold some rising trend line support: B, GT, IP, SCHB, SCHX, $SPX, VFC, WHR
- Trying to hold some falling trend line support: CBRL
- Up against the 65: $CRB
- Up against falling trend line resistance: SPXU
- Overbought: MARA
- Toppy: AMZN, BITQ, MED, RIOT, TSLA, WGMI
- 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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