- Yi: +8.1
- Moderately oversold: $COPPER, $CRB, $DJGSP, $GOLD, $PLAT
- Attempting to hold the 28 DMA: $SILVER
- Anything posted here may be off base.
Thursday, May 28, 2015
Update for the open of May 28, 2015.
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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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2015
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May
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- Late Day Update for May 29, 2015.
- Update for the open of May 28, 2015.
- Update for the open of May 27, 2015.
- Late Day Update for May 22, 2015.
- Morning Update for: May 20, 2015.
- Late Day Update for: May 19, 2015.
- Update for the open of May 18, 2015.
- Late Day Update for: May 15, 2015.
- Late Day Update for: May 12, 2015.
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May
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Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
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