- Yi: + 67.16
- Attempting to bottom out: $GASO, NYCB
- Up against the 65: CNK
- Moderately overbought: AEM, BBY, GFI, GOLD, JNUG, MARA, RIOT, SIL, SIVR, TSLA, WGMI, $XAU
- Overbought: $GOLD, MMM, RGLD, $SILVER
- Toppy: AVAV, BITW, MAIN
- ABEWISUF: FLR, MET
- 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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