- Yi: + 82.44
- Attempting to bottom out: NYCB
- Moderately oversold: GOOG, VFC
- Trying to hold some rising trend line support: GOOG
- Attempting to hold the 28: GIS
- Attempting to hold the 65: B, F
- Up against some falling trend line resistance: RIOT
- Up against some rising trend line resistance: ANF
- Moderately overbought: CMG, MAIN
- Toppy: AMZN, ANF, CSX, DELL, GE
- Going parabolic: ETHE
- ABEWISUF: GOLD, $GOLD, MKC, T
- 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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