- -4.1
- A possible bottom here for: $UST30Y, $WTIC, DUST
- Now attempting to bottom out: $BDI, $COPPER, $CRB, BA, CHK, CORN, JDST, NOK
- Up against the 28 DMA here: $FXT, $SPX, COST, DBC, F, FXI, MSFT, NTES
- Up against the 65 day: $GASO, DIS, DRI, GDDY, LEN
- Moderately overbought: CMG, GPC, GT, NAT
- Toppy here: $PLAT, $XAU, AEM, BGS, MKC, O
- A possible top here for: $DJGSP and $GOLD
- 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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