- Yi: + 61.86
- Attempting to bottom out: BITW, HSY
- Extremely oversold: MKC
- Trying to hold some rising trend line support: CAKE
- Attempting to hold the 65: CLF
- Up against the 65: HBI
- Up against some falling trend line resistance: RGR
- Moderately overbought: AAPL
- ABEWISUF: CBRL, CSCO
- 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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