- YI: -5
- Trying to bottom out in this area: ACH, AKNS, ARM, EWJ, FNM, IWM, and QQQQ
- Extremely oversold now: EWI, EXP, HON, and IFN
- Standard oversold: AA, CBK, the IIX index, IYY, JASO, PBY, and the VXO
- Moderately oversold now: BGF, MEOH, MKC, PEG, and TSU
- Trying to hold some rising trend line support: AA, AAPL, CAT, CSIQ, GOOG, HMC, IYY, JCP, MSCC, NYB, PEG, QCOM, SYY, T2118, and TKR
- Trying to hold falling trend line support: BA, the DJ-30, EBAY, LEN, and TSM
- Attempting to hold the 28 DMA here: HMC and PCU
- Trying to break above some falling trend line resistance: ABX
- Attempting to break above the 28 DMA here: GFI and XPLT
- Moderately overbought now: ABX, AEM, and GLD
- Standard overbought: GG
- 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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