- YI: +1.5
- Trying to bottom out: FXC
- Moderately oversold: ABX and FTO
- Trying to hold some rising trend line support: CREE and KMX
- Trying to hold some falling trend line support: GFI and TICC
- Attempting to hold the 28 DMA here: CBK, FXY, GT, and TLB
- Trying to break above some falling trend line resistance: AAUK, EWP, EWU, GM, MDC, T2118, TCK, and WSO
- Attempting to break above the 28 DMA here: AMAT, PTEN, PXD, REDF, UGP, and WSO
- Up against some rising trend line resistance: EEFT, GGB, MKC, RYL, TKR, and WY
- Moderately overbought now: CORS, EEM, PLL, SMTC, and STX
- Standard overbought: IFN, NST, and NX
- Extremely overbought: IDU and WDC
- Toppy here: The DRG index, and XLU
- Anything here 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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