- Yi: + 89.1
- Attempting to bottom out: FLR
- Oversold: CBRL
- Moderately oversold: CAKE, MKC
- Attempting to hold the 28: FL, M
- Attempting to hold the 65: DJT
- Up against rising trend line resistance: DD
- Up against some falling trend line resistance: UUP, $XOI
- Moderately overbought: GOLD
- Overbought: GOOG, MMC, RGLD, SIVR
- Toppy: BAC, C, GM, MET, NOBL, PPLT, SEE
- ABEWISUF: TSL
- 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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