- Yi: -0.5
- Trying to bottom out in this area: JASO, LDK, PBY
- Moderately oversold now: PG
- Trying to hold the 28 DMA here: PHI
- Trying to hold the 65 DMA: $USD and LPL
- Trying to break above the 28 DMA here: BPZ, CHK, CSIQ, XOP
- Trying to break above the 65 DMA: AEM, EWJ, GTU, SLW, SSRI, UGP
- Moderately overbought now: $XAU, ABX, EGO, GDX, GG, GLD, KGC, NEM, TOT
- Toppy here: NAT and PTR
- A break out in either direction is on the way for: BGF and TAN
- 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.
No comments:
Post a Comment