- Yi: +4.8
- Trying to bottom out in this area: RAIL
- Attempting to break above the 25 DMA here: LDK
- Moderately overbought now: $BDI-weekly, AVAV, BPZ, LMT, NAT, TSL, URE, YGE
- Average overbought: BMY, CLF, CSIQ, FRO, SHLD
- Extremely overbought: GLD and PGM
- Toppy here: CTB, GIS, LOW, NST, QCOM
- Has gone parabolic: GLD and PGM
- 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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