- Yi: -1.8
- At the average oversold level: AIG, CSIQ, DB, DYN, WFC
- Moderately oversold: ATI, BA, CAKE, CWI, DIS, $DJW, EBAY, IJH, MDY, $NDX, $SPX
- Moderately overbought: $XAU
- At the average overbought level: $VIX
- And as is always the case, 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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