- Yi: + 100.4
- Attempting to bottom out: CMG, WBD
- Moderately oversold: M
- Trying to hold some rising trend line support: NYCB
- Attempting to hold the 28: BIDU, COPX, MSFT
- Attempting to hold the 65: GOOG, NTAP
- Up against the 28: TUP
- Up against some falling trend line resistance: HBI
- Moderately overbought: $BTCUSD, DJT, GPC, RGR
- ABEWISUF: INTC
- 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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