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.
1. Yi: +8.5
2. Attempting to hold the 65 DMA here: BGS, COST, DBO
3. Overbought: AMAT and EGPT
4. Extremely overbought: $BDI
5. Toppy here: CWI
6. A break out in either direction is on the way for: ABX and USLV
7. Anything posted here may be off base.
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