- Yi: +19.1
- Trying to bottom out: MOS, PBI, PM, T, UNG, VFC, WBA, WEC
- Attempting to hold the 28 DMA: KR
- Up against rising trend line resistance: ANF, HD
- Moderately overbought: BMY, CSCO, GLD, IAU, SLV
- Average overbought: MKC, ROK, SFIX, SIL, $XAU
- Toppy: AEM, CLX, NEM
- Setting up for a break out either way: FXF, HSY, PHI, RGR
- 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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