- Yi: + 90.4
- Attempting to bottom out: BIDU
- Trying to bounce: GFI
- Oversold: MKC
- Moderately oversold: AEM, AU, C, COPX, GDX, GOLD, JNUG, M, $PLAT, PPLT, RIOT, SIL, $XAU
- Trying to hold some falling trend line support: CSCO
- Attempting to hold the 28: MMM, RGLD, $SILVER, VYX
- Attempting to hold the 65: ETCG
- Up against the 28: CBRL, HSY
- Up against some falling trend line resistance: $BTCUSD
- Moderately overbought: BA
- Overbought: PM
- 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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