- Yi: -3.0
- Moderately oversold: $VIX
- Attempting to hold the 65 DMA here: $FXT
- Up against the 28 day: ARMH
- Up against the 65 day: EFX, IJH, MDY, RTH, SBUX, SMH
- Moderately overbought: $NDX, $NYA50R, $SPX, AA, CI, IYJ, IWM
- Standard overbought: $HGX
- Toppy here: DRI, B, CAKE
- 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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