- Yi: +2.5
- Moderately oversold: $GOLD, $USD, GLD, HMY, SLV
- Attempting to hold the 65 DMA here: $XAU, CEF, GFI, SLV
- Attempting to break above the 28 DMA: $DJW, ABX, AXAV
- Attempting to break above the 65 DMA: AKNS, BA, BAC, CAT, CLF, PRBLX, ROK, SKS
- Moderately overbought now: $DJX, $HGX, $OEX, $SPX, $WTIC, $XEU, $XOI, AA, ACF, ACH, AMAT, AVP, AXB, B, CBK, CNK, DDM, EWA, EWI, GPC, HCBK, IFN, JOSB, KBE, KO, LOW, LUFK, MCD, MTH, NAT, OCR, PBW, PG, PLL, PTR, RAIL, SU
- Standard overbought: $NYA50R weekly chart, $PLAT, $SOX, AAPL, EEFT, GLW, GOOG, IBM, LPL, MFE, PAYX, PBY, QCOM, QQQQ
- Extremely overbought: SHI
- Possible top here for: SHI
- Toppy here: CSCO, PGM, QCOM, WATG
- Going parabolic: GLW
- A break out in either direction is on the way for: GTU
- 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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