- Yi +3.45
- Trying to bottom out: $DJGSP, $GOLD, $PLAT, $XAU, AEM, ASA, AU, AUQ
- Extremely oversold: $PLAT
- A break out in either direction is on the way for: $DJW, A, AVAV
- There may be some more signals or opinions later. 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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