- Yi: + 80.34
- Moderately oversold: CSCO
- Up against the 65: MAIN
- Up against the 28: BEN, MKC, PFE, TSL, TSLA
- Up against falling trend line resistance: GOLD
- Moderately overbought: CNK. MMC
- Overbought: FLR, LIN
- Toppy: CSX, ETHE, GE, QCOM, QQQ
- ABEWISUF: BITW, GM, 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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