- Yi: +5.1
- Possible bottom here for the $USD
- Trying to bottom out in this area is: PHI
- Moderately oversold now: LDK
- Moderately overbought now: CSL, ENER, LMT, WATG
- Standard overbought: CTB
- Extremely overbought: KO
- Toppy here: $GOLD-weekly, $IIX, $XEU, EEFT, EXP, IBM, PBW, TKR, UYG, VFC, WHR
- Possible top here for: AAPL, CAT, CSCO, GE, MSCC, WSO
- Probable top here for: GOOG and IWM
- 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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