- Yi: + 58.19
- Attempting to bottom out: AU, GFI, PG, PSQH, $SILVER
- Extremely oversold: MKC
- Oversold: AEM, CPB, D, GDX, GIS, $XAU
- Moderately oversold: APD, KHC, $XOI
- Trying to hold some rising trend line support: AFL
- Attempting to hold the 28: AVAV, DELL, T
- Attempting to hold the 65: KNDI
- Up against the 28: FL
- Toppy: ANF, CNK
- 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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