- YI: -0.5
- Trying to break above some falling trend line resistance: AAUK, ACAS, AEM, ALEX, AMD, BAC, the BKX index, the DJ-30, GFI, GGB, IWM, NWL, PAYX, STMP, VFC, XLF, and the XOI index.
- Attempting to break above the 28 DMA here: BHP, BMY, GM, IFN, MER, OGE, PCU, PHI, RNR, and STX
- Up against rising trend line resistance: EXP, MDC, NYB, T, WY, and XHB
- Moderately overbought now: C, EWI, EWJ, EWU, GF, GPC, HON, the IIX index, JNJ, KFT, LOW, MCD, NST, QCOM, QQQQ, RIO, RT, SVU, TKR, TTH, the VXO, WHR, and XLU
- Standard overbought: ADP, AVP, CAT, CPB, EBAY, GE, LEN, PG, SEE, SNA, and T
- Toppy here: AAPL
- Anything posted 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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