- Yi: + 59.15
- Attempting to bottom out: BAC, CAR, COPX, GOLD
- Extremely oversold: MMM
- Moderately oversold: BIDU, $CRB
- Attempting to bottom out: BEN
- Attempting to hold the 28: ANF
- Up against the 65: TSL
- Up against some falling trend line support: GBTC, MMC
- Moderately overbought: GOOG, TSLA
- ABEWISUF: CSX, DD, HBI, QQQ
- 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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