- Yi: + 73.85
- Attempting to bottom out: $USD
- Trying to hold some rising trend line support: BITO
- Attempting to hold the 28: AAPL, $BTCUSD
- Attempting to hold the 65: BITO, $GASO
- Up against some rising trend line resistance: DELL
- Moderately overbought: DELL
- Overbought: SIL
- Toppy: GOOG, SIL
- ABEWISUF: AMZN, BA, CLF, CMG, GIS, GM, GPC, MED, QRTEA, X
- 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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