- Yi: +1.25
- Possible bottom here for: B and FRO
- Trying to bottom out: $WTIC, CSL, EGO, GFI, IWM, JASO, NAT, PGM, RGLD, SLW, TLB, UGA
- Extremely oversold: ENER and HMY
- Standard oversold: URE
- Moderately oversold: CBK, GLD, PEP, SHLD
- Attempting to hold the 28 day: $USD
- A break out in either direction is on the way for: LOW and VFC
- 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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