- YI: -2.5
- Trying to bottom out: ACH, PTR, SNE, and T2118
- Extremely oversold: NOK
- Standard oversold: AAUK, BHP, EWI, PHI, QCOM, and TSU
- Moderately oversold now: ERF, FCX, FXC, GG, OKE, OXY, PCU, RGLD, RIO, TCK, TOT, and the XOI index.
- Trying to hold some rising trend line support: AEM, ASA, GGB, GOOG, IFN, MEOH, NSC, SEE, and the VXO
- Trying to hold falling trend line support: CAT, EWU, and HON
- Attempting to hold the 28 DMA here: GFI and LUFK
- Trying to break above some falling trend line resistance: IWM, MDC, and NX
- Attempting to break above the 28 DMA here: LOW, SNA, and WB
- Moderately overbought now: IDA
- Anything posted 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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