- Yi: + 65.6
- Up against the 65: AEM, F, GM, $PLAT, PPLT, $XAU
- Up against the 28: BIDU, GDX
- Up against rising trend line resistance: BGS, OMC
- Up against falling trend line resistance: CAR, CSX, M, SEE, XOI
- Moderately overbought: C, CAKE, CBRL, FLR, GOOG, HSY, IVW, MKC, NOBL, VGK, SDY, TSL, TSLA
- Overbought: AVAV, $HGX, $NYA50R, QLD, SCHB, SCHX, TSM
- Toppy: AAPL, AFL, AMZN, CMG, DELL, GE, META, ORCL
- ABEWISUF: LMT
- 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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