- Yi: -0.5
- Oversold: $VIX
- Attempting to hold the 28 day moving average here: CDE
- Up against the 28 day: DM
- Up against the 65 day: MOS
- Moderately overbought: $BPSPX, $DJGSP, $HGX, $NDX, ATI, AVP, B, BA, BLL, C, CAT, CHK, CNK, COH, CTB, CWI, DBO, DVY, EFV, EWA, EWI, EWJ, F, FCX, FEU, FNDF, GPC, GF, HPQ, HSY, KING, LOW, MKC, MSFT
- Overbought: $NYA50R
- Toppy here: $SPX, $XAU, $XOI, GE, GM, INTC, MCD
- Anything posted here could be in error.
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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