- Yi: + 63.22
- Attempting to bottom out: CPB, KHC, WGMI
- Extremely oversold: CBRL
- Oversold: BMY, LMT, PFE
- Moderately oversold: GLW, GOLD, HBI, $PLAT, WOLF
- Trying to hold some rising trend line support: AFL, COPX
- Trying to hold some falling trend line support: D, QCOM
- Attempting to hold the 28: CAT, MET, QQQ, XLK
- Attempting to hold the 65: BIDU, $GOLD, IVW, $NDX, QLD, SCHB, SCHX
- Up against the 28: META
- Overbought: $USD
- Toppy: $CRB, FLR, NTAP
- ABEWISUF: BITO, BITQ, ETCG, MARA, TSL
- 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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