- Yi: + 60.45
- Attempting to bottom out: BAC, BBY, BEN, BITQ, CAR, CBRL, COPX, IVW, MARA, NOBL, OMC, PPLT, QQQ, SCHX, SEE, TSL, TSLA, TSM, WGMI, XLK, YYY
- Oversold: $GOLD, HBI, JNUG, RGLD, SIL, WY
- Moderately oversold: AAPL, $SILVER, SIVR, USB
- Trying to hold falling trend line support: $XAU
- Up against the 28: DD, QCOM
- Up against falling trend line resistance: B
- Toppy: $USD
- ABEWISUF: T
- 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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