- Yi: + 63.39
- Attempting to bottom out: GLW, M, MKC, WOLF
- Oversold: GLW, XRX
- Moderately oversold: CMG, IBM
- Trying to hold some rising trend line support: DELL, META
- Attempting to hold the 28: FLR, QLD
- Up against the 65: BMY
- Up against the 28: $CRB, CSCO, PFE, QID
- Up against some falling trend line resistance: GDX, SIVR
- Moderately overbought: AEM, $BTCUSD, $GOLD, GOLD, $XAU
- Toppy: X
- ABEWISUF: LIN
- 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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