- Yi: +9.85, +10
- A possible bottom here for: $BDI
- Trying to bottom out here: $VIX
- Extremely oversold now: $USD
- Oversold: AQA.TO
- Moderately oversold: AKAM
- Attempting to hold the 65 DMA here: AAPL and ABX
- Up against falling trend line resistance: $NYA50R-weekly
- Moderately overbought now: AVP
- Overbought: $NYA50R, $OEX, ACAS
- Extremely overbought: A, ATI, BA
- Toppy here: AGQ
- Going parabolic: $GOLD
- 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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