- Yi: + 87.01
- Attempting to bottom out: INTC
- Trying to hold some rising trend line support: UUP, WGMI
- Attempting to hold the 28: AMZN
- Up against the 65: BITW, BMY, WHR
- Up against the 28: BBY, $BTCUSD, CBRL, F
- Up against some rising trend line resistance: CPB
- Moderately overbought: OMC, TUP
- Overbought: CAKE, HSY, MMM
- Toppy: APD, LMT
- ABEWISUF: USB
- 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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