- Yi: +7.5
- Trying to bottom out: $VIX, AMD, COH
- Extremely oversold: $XAU, ABX, ASA, AU, AVP, CDE, CEF, GDX, GG, IAU, JNUG, LPL, NEM, NUGT
- Oversold: $VIX, DBC, DBP, DM, FXF
- Moderately oversold: MAT
- Trying to hold the 65 DMA: $HGX
- Trying to hold the 28 day: MTH
- Up against the 28 day: B, EWA, GT
- Up against the 65 day: NOK
- Moderately overBought: $NYA50R, $SPXA50R, $USD, GE, MMC, NTES
- Overbought: C and NAT
- Extremely overbought: FB, GOOG, JDST
- Toppy: BAC and NFLX
- Has gone parabolic: JDST
- 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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