- Yi: +8.4
- A probable bottom here for: NOK
- Now trying to bottom out: $DJGSP, $PLAT, ABX, BGS, COST, IDA
- Extremely oversold: GG
- Average oversold: $CRB, $PLAT, $WTIC, PTEN, SEE
- Moderately oversold: $DJW, $NYA50R, $SPX, $XOI, A, AA, B, BGS, C, LMT, NAT, PAYX, QCOM, RJA, RJI, SFD, WDC, X
- Trying to hold some rising trendline support: $SPX, BBT, PTR, USB
- Attempting to hold the 65 DMA here: AAPL, AVP, DVY, XLF
- Attempting to hold the 28 day: ONXX
- Trying to hold falling trendline support: $IIX, $SILVER, PBW
- Up against the 65 day: TSL
- Up against some falling trendline resistance: $USD and $VIX
- Moderately overbought now: $VIX
- Going parabolic: DUST
- 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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