- Yi: + 99.7
- Attempting to bottom out: CBRL
- Up against the 28: GE, GLW
- Up against the 65: $GASO
- Moderately overbought: COPX, $XOI
- Toppy: SIL, VGK
- Anything posted may off base.
Tuesday, March 18, 2025
MU 3-19-2025
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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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