- Yi: -1
- Trying to bottom out in this area: PEG
- Standard oversold: PLL
- Moderately oversold: $VIX and QID
- Now attempting to break above the 28 day moving average: $CRB, $DJW, $DJX, $GOLD, $HGX, $OEX, $SPX, $XAU, $XOI, ACAS, AEM, BPZ, CSIQ, DDM, GG, GLD, HCBK, IBM, IWM, IYY, KO, LOW, LUFK, NM, PBW, QQQQ, WGW, WY
- Now attempting to break above the 65 day moving average: $CRB, ACF, CSCO, DELL, EWA, F, FSLR, FXI, GOOG, LUFK, MBI, SEED, STX, WATG
- Moderately overbought now: $IIX, $SOX, $WTIC, $XEU, AAPL, BA, BAC, BBT, CAKE, CREE, CSL, LEN, MFE, MSCC, MTH, NOK, PBY, PNRA, QCOM, TSM, USB, USD, VFC, WDC, WFC
- Standard overbought: FCX, GFI, SU
- Toppy here: GLW
- 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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