- Yi: + 48.2
- Attempting to bottom out: BITQ, BITW, $BTCUSD, DUST, ETCG, GBTC, JDST, MARA
- Moderate;y oversold: CDE
- Moderately overbought: AEM, CLF, EEFT, GLTR, SCHF, SMH
- Overbought: IBM, NFLX, PFE
- Toppy: CAT, $COPPER, EGO, EWI, SIL, SLV
- ABEWISUF: CSCO
- Anything posted 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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