- Yi: +6, +6.2
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.
Yi: +7, +6.6, +6.35
A possible bottom here for: DGP
Trying to bottom out: $CRB, AU, AUQ, C, EGO, EWJ, FCX, GDX
Extremely oversold: $DJGSP, $SILVER, $XAU, $XOI, AGQ
Average oversold: $CRB, $GOLD, $OEX, ACH, ANF, ATI, C, EWI, FCX
Moderately oversold: $DJX, AAPL, AEM, AVP, EEFT, EGPT
Trying to hold falling trendline support: $GOLD-weekly.
Moderately overbought: $VIX
Anything posted here may be off base, and there may be some more opinions later today.