- YI: -1
- Standard oversold: GFI
- Trying to hold some rising trend line support: GLD, UN, and the VXO
- Trying to break above some falling trend line resistance: AAUK, BPOP, DFG, EWJ, FTO, JNJ, LUFK, MCD, MER, NOK, the OEX index, PCU, SNDK, STMP, SYY, TKR, and TSM
- Attempting to break above the 28 DMA here: ACH, EBAY, EEM, EWA, EWD, EWI, EWU, GF, GGB, GIS, IDU, IRF, PTR, PXD, the S&P-500, SVU, UGP, and XLU
- Up against rising trend line resistance: WDC
- Moderately overbought now: AA, AAUK, AMAT, AMD, BHP, CSL, IYM, MEOH, MFE, PBY, PLL, RIO, RNR, WIRE, and XMSR
- Standard overbought: ARM, CLF, CORS, HON, NSC, PDS, SNA, and TZOO
- Toppy here: ACAS, BAC, GLW, GPC, JWN, KEY, QLGC, TSU, and WTS
- Anything here could 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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