- Yi: + 55.3
- Attempting to bottom out: AAPL, BBY, DD, GOOG, IVW, $NDX, QLD, QQQ, QRTEA, SCHB, SCHX, $SPX, WHR, XLK
- Oversold: GM, MAIN
- Moderately oversold: USB
- Trying to hold some rising trend line support: FL
- Trying to hold falling trend line support: WOLF
- Attempting to hold the 28: AVAV, ANF, RIOT, VFC
- Up against some falling trend line resistance: $SILVER
- Up against some rising trend line resistance: X
- Toppy: QID, SPXU
- ABEWISUF: GFI, LMT, TUP
- 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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