- Yi: +7.6, +6.5
- Now trying to bottom out: DUST
- Oversold: DGLD and DSLV
- Attempting to hold the 28 DMA here: SHI
- Moderately overbought now: $CRB, $DJGSP, DGP
- Overbought: AGQ, NFLX, SNR, USLV
- Toppy here: $PLAT, $XAU, CHK, OCR, SLW
- A possible top here for: FB and NTES
- Anything posted here may be way 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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