- Yi: -5.0
- A possible bottom here for: CMG
- Trying to bottom out: $DJW, $FXI, AA, ATI, AVP, NAT, NEM, RJI
- Extremely oversold: $WTIC
- Oversold: CSIQ, NEM, RGLD, RJR, SLW, SUNE
- Moderately oversold: $XAU, DM, EGPT, GCX, GG, JNUG, NUGT, SPWR, USB
- Up against the 65 DMA here: SYY
- Moderately overbought: 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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