- Yi: + 98.0
- Up against the 28: $USD, UUP
- Moderately overbought: CBRL, TAP, VFC, XRX
- Overbought: $BTCUSD, GE
- Toppy: BEN, IBM, STX
- ABEWISUF: PFE, YYY
- Anything posted may be off base.
Friday, May 9, 2025
MU 5-10-2025
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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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