- Yi: +16.17
- Attempting to bottom out in this area: AGQ, CC, DB, FB, FCX, FLR, FNG, GG, JNUG, MBI, NUGT, RGLD, SIL, SLV, SU, UIS, VOT, $WTIC, $XAU
- Extremely oversold: DBO and KOLD
- Average oversold: NOV
- Moderately oversold: CG, EBAY, GG, GOOG, $INDU, IYE, IYG, MDY, PTEN, QQQ, RYE, SCHK, SCHX, $SPX, SVXY, TRV, TSN
- Trying to hold risising trend line support: AU, I, PYPL
- Attempting to hold the 65 DMA: DBA
- Attempting to hold the 28 DMA: AVAV, MAN, TGS
- Up against falling trend line resistance: FAST
- Up against rising trend line resistance: GPC
- Moderately overbought: FL and GT
- Average overbought: CTB
- Toppy: CVS and D
- Has gone parabolic: UNG
- Anything posted on these pages 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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