- Yi: +0.5
- Trying to bottom out in this area: AKNS, LUFK, STX
- Moderately oversold now: QID
- Trying to break above the 28 DMA here: $HGX, $IIX, BAC, C, DVY, GLW, KBE, KFT, UYG
- Trying to break above the 65 DMA: EEFT, ERIE, EWI, KO, LPL, NOK, OCR, OGE, PLL, QCOM, TKR, VFC, WATG, WY, X
- Moderately overbought now: $XOI, AEM, ASA, SLV, SLW, TOT, TSM, USD, WGW
- Standard overbought: $XAU, ABX, EGO, GDX, GFI, GG, GLD, GTU, KGC, NAT, NEM, PNRA, RGLD, SHI, SSRI
- Possible top here for: RGLD and SSRI
- Anything posted here 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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