Huge downside blow off for the gold stocks today. This is getting way overdone now, so a buying opportunity may be in sight soon.
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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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July
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- LDU July 31, 2015.
- LDU July 30, 2015.
- LDU July 29, 2015.
- LDU July 28, 2015.
- LDU July 27, 2015.
- LDU July 24, 2015.
- Late Day Update July 23, 2015.
- Yi update.
- Late Day Update July 21, 2015.
- Gold Stocks
- Late Day Update July 20, 2015.
- Late Day Update July 17, 2015.
- Late Day Update July 16, 2015.
- Late Day Update July 15, 2015.
- Late Day Update July 14, 2015.
- Late Day Update July 13, 2015.
- Late Day Update July 10, 2015.
- Late Day Update July 9, 2015.
- Late Day Update July 8, 2015.
- Late Day Update July 7, 2015.
- Late Day Update July 6, 2015.
- Late Day Update July 1, 2015.
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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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