- Yi: + 86.31
- Moderately oversold: M
- Attempting to hold the 28: META
- Attempting to hold the 65: QCOM
- Up against the 65: FL
- Up against the 28: MED
- Moderately overbought: AVAV
- Toppy: CMG
- ABEWISUF: AMZN, $NDX, NTAP, QLD, VYX, XLK
- 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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