Thursday, January 26, 2006
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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.
Blog Archive
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2006
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January
(52)
- Usec, Inc. (USU) may be topping out here.
- Daily Update:
- Templeton Russia Fund, Inc. (TRF) has gone parabolic.
- Cleveland Cliffs, Inc. (CLF) is looking toppy here.
- For Sony Corp. (SNE), taking profits may not be su...
- Jos. A. Bank Clothiers, Inc. (JOSB) is overbought ...
- Daily Update:
- Dupont Co. (DD) is trying to put in a bottom here.
- Daily Update:
- India Fund, Inc. (IFN) keeps chugging along, but i...
- Daily Update:
- Suntech Power Holdings Co. Ltd. (STP) is looking t...
- Daily Update:
- Intel Corp. (INTC) now oversold.
- Is Sunoco, Inc. (SUN) finally topping out here?
- Daily Update:
- Frontier Oil Corp. (FTO) looking a bit toppy here...
- Daily Update:
- Warren Buffet is pretty much on target IMHO.
- Tyco Intl Ltd. (TYC) may be forming a bottom.
- Daily Update:
- Kinross Gold Corp. (KGC) may be topping here.
- Daily Update:
- ASA Ltd. (ASA) looks toppy here.
- Daily Update:
- Suntech Power Holdings (STP) possibly making a top...
- Daily Update:
- Satyam Infoway Ltd. (SIFY) is trying to hold the 2...
- Sony Corp. (SNE) looks toppy here.
- Daily Update Part 2:
- Daily Update Part 1:
- Occidental Petroleum Corp. (OXY) searching for a top?
- Daily Update:
- Templeton Russia Fund, Inc. Tippy toppy?
- Daily Update:
- Bed, Bath & Beyond, Inc. (BBBY) looking for a bott...
- Daily Update:
- Alcoa Inc. (AA) seems a bit toppy at this stage...
- Daily Update:
- Because of the story below, I have decided to remo...
- Timken Co. (TKR) to a sell.
- Lyondell Chemical Co. (LYO) to a buy.
- Daily Update:
- Fresh Del Monte Produce (FDP) is also trying to bo...
- Mattel Inc. (MAT) is trying to bottom out here.
- Royal Gold, Inc. (RGLD) to a sell.
- Martha Stewart Living (MSO) to a buy.
- Daily Update:
- Ford (F) looks interesting here...
- Daily Update:
- (JNJ) is trying to bottom out here.
- Daily Update:
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January
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Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
2 comments:
Overbought is a mild understatement!
On Thu Jan 26,2006 NYSE it closed at $48.50, so at almost a 31% premium to it's NAV of $36.63 as of Fri Jan 20!
Wonder why someone would pay so much of a premiem when there are other alternatives around (e.g. ADRs, other ETFs, India Mutual funds etc)
It beats me why anyone would pay such a high premium for IFN at this point, but once the "momentum crowd" becomes involved, they tend to drive up the valuations to insane levels before reality eventually brings them back down to earth...
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