- Yi: + 48.8
- Attempting to bottom out: $USD
- Oversold: CBRL, $VIX
- Attempting to hold the 28: AMP, IWM, MGA, T, WHR
- Moderately overbought: MJ, YETI
- Overbought: PM
- Toppy: CG, COPX, $SILVER, SIVR, TAP, VALE, VGK, YYY
- ABEWISUF: BITW, CAT, CC, ETHE, FL, HPQ
- 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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