- Yi: +4
- Trying to bottom out in this area: NST
- Standard oversold now: QID
- Attempting to break above the 28 day moving average: $HGX, $PLAT, BPOP, JOSB, LOW, MSCC, PGM, WY
- Moderately overbought now: $BDI, AA, AAPL, ACF, AVP, B, BA, BPZ, CAKE, CAT, CBK, CREE, CSCO, CSL, CTB, DDM, DELL, EWA, EWI, EWJ, F, FCX, FXI, GE, GF, IBM, IWM, IYY, KBE, LEN, LUFK, MFE, MOT, NAT, NM, NOK, PBW, PEP, PG, QCOM, QQQQ, RBS, ROK, SEED, SKS, SLV, SPWRA, STX, SU, SWK, TAN, TKR, TSL, TSM, USB, USD, WATG, WDC, XLF, XOP
- Standard overbought: ACH, KO, SHI, SLW, TIE, UGP, WSO
- Extremely overbought: IFN and PTR
- Toppy here: PTR
- A break out in either direction is on the way for: NTES
- 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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