- Yi: +7.4
- Trying to bottom out: $COPPER, $CRB, $XOI, AAUKY, AUQ, AVP, CHK, COPX, CU, DBC
- Moderately oversold: $WTIC and ACH
- Trying to hold the 28 DMA: $SILVER
- Up against the 65 DMA: CLF
- Moderately overbought: $USD and BGS
- Toppy: GT
- A break out in either direction is on the way for: DIS
- 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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