- Yi: +3.7
- Trying to bottom out: $VIX
- Up against the 65 DMA here: $PLAT and CVS
- Up against the 28 day: CTB
- Moderately overbought: AU, B, CAKE
- Extremely overbought: BGS
- Toppy here: AEM, ASA, DBC, FXF, NOV, XLK
- A possible top here for: CAR, $DJW, CAR, CAT, CLF, CORN, CVY, IJH, IJR, IYJ, IWM, MDY
- Going parabolic: $CRB and AVAV
- Anything posted here may be off base depending on market conditions.
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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