- Yi: +9.4
- A possible bottom here for: $DJGSP and $XAU
- Trying to bottom out now: $GOLD
- Moderately oversold: $SILVER
- Attempting to hold the 65 DMA here: $CRB, $GOLD-weekly, $PLAT, $XOI
- Attempting to hold the 28 day: $DJX
- A break out in either direction is on the way for: $GASO
- There may be some more signals later, and 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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